Invest in ICT & Technology Sector
Opportunities Overview
- Liberalized telecommunications sector.
- Digital transformation of all government services.
- Building ICT capacity by training 3000 persons in ICT.
- 1000 free internet connection across six (6) regions.
- $1.3 billion budgeted to support the sector’s rapid development.
- Massive job creation anticipated for 2022 & 2023.
- Guyana’s ICT Sector has progressed over the last decade.
- The ICT Industry comprises telecommunications operators, internet service providers, telemarketing call centres, inbound customer support, voice mail transcription, medical records transcription, and data warehousing & operators, broadcast institutions, ICT education providers, internet cafés, etc.
- The ICT industry was improved by with two submarine fiber optic cables and services rolled out in 2017 and 2019. More is on-stream for 2022.
- ICT will bridge the divide between the Hinterland and Coastland with the Hinterland Poor and Remote Communities Project.
- 200 new ICT Hubs in the Hinterland Area.
- Mobile Operators in Guyana: Digicel & Guyana Telephone and Telegraph
- The ICT sector is under the oversight of the Office of the Prime Minister
- Contributed to GDP US $140.46 Million (2018) .
Opportunities Overview
- Room in ICT driven by oil and gas development.
- Highly developed and diversified human resource base
- An attractive destination for ICT investment based on the country’s time zone
- Access to markets regional and international markets
- Attractive demands in ICT Business Incubators in all sectors.
- Investment opportunities in Data Centers
- Need for more Call Centres and BPO operations.
- In 2022, the goal is to create 25000 new jobs in 5 years.
- Demand for Computer and Mobile Assembly Factories to create employment.
- Venture Capital/Innovation funds specifically targeted at ICT Business start-ups.
- Demand for E-Tourism (Guyana as a virtual tourist destination)
- Modern Legislation (Data Protection and E-Commerce)
- Development of National E-Commerce Strategy for Guyana.