ONE of Guyana’s leading suppliers of heavy-duty machinery and equipment, Machinery Corporation of Guyana Limited (MACORP), in positioning itself to service Guyana’s growing economy, will be constructing a US$25 million (approximately G$5.4 billion) mega complex at Covent Garden, on the East Bank of Demerara (EBD).
During its almost 28 years of operation in Guyana, MACORP– the only authorised dealer of Caterpillar products in Guyana — has been very active in this country’s development, contributing directly to local advancement through technical support and the provision of equipment which is supplied to the most important productive sectors, namely mining, agriculture, construction, marine, forestry and electric power generation. An aggregation of the impact of those sectors on Guyana’s economy would basically reflect a large portion of the country’s Gross Domestic Product (GDP), a component of the nation which is projected to surge tremendously in the coming years.
The country’s GDP, as stated by the World Bank, is US$5.4 billion. But progress in Guyana’s burgeoning oil-and-gas-sector and increased economic activities are expected to push that figure way beyond what it is now.
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