In a landmark decision, the Trinidad-based Ansa McAl Group of Companies has committed to purchasing and distributing Guyanese products across its Caribbean supermarket chain. The announcement was made during a sod-turning ceremony at Chateau Margot, East Coast Demerara, where a state-of-the-art mall valued at over US$50 million is set to be constructed. The project, spearheaded by a Chinese company, is expected to be completed within two years and will include sporting facilities such as volleyball and basketball courts, as well as a farmers’ market and stalls for Indigenous Peoples to showcase their products.
Ansa McAl’s CEO, Anthony Sabga II, was inspired by Guyana’s President Irfaan Ali’s ambitious vision for collaboration between the government and private sector. President Ali emphasized the importance of removing trade barriers and ensuring Guyanese products gain a foothold in Caribbean markets. He also highlighted the need for investment in the value chain to position Guyana as more than just a retail hub.
The partnership aims to support small farmers and producers by consolidating their goods into shipping containers for distribution. President Ali expressed his disappointment at the lack of Guyanese products on Caribbean shelves and urged Ansa McAl to work with the New Guyana Marketing Corporation to facilitate this initiative.
This collaboration marks a significant step in regional trade, with Guyana seeking to leverage its contributions to the Caribbean for mutual economic growth. The project also underscores the potential for further investment in Guyana’s agricultural and industrial sectors, with a focus on value creation and infrastructure development.