The ANSA McAL Group has announced plans for an 82-acre wharf and laydown yard at Wales on the West Bank of Demerara, Guyana and is also conducting a feasibility study for a brewery.
This as the group celebrates 30 years of operation in Guyana.
According to a report in Guyana’s Stabroek News, at an event on Friday, ANSA McAL’s Group’s Chief Executive Officer, Anthony Sabga III, told attendees, “The Group acquired 82 acres of land in the Wales, West Bank Demerara region and will begin the development of a wharf and laydown yard within that acreage to facilitate port and marine commerce.”
He added the Group is currently considering significant investments within the manufacturing, construction, real estate and beverage sectors.
The Guyana Chronicle also reported that Sabga III said since 1992, the company has been on an expansion drive in Guyana, pushing ahead with many of its planned strategies for the creation of long-term value.
Recently, the company established the Guyana Breweries Inc to further the ambitions of the Carib Brewery distribution network.
This entity is focused on the sale and marketing of the Carib Breweries range of beverage products.
These products are already being manufactured in four jurisdictions, even as it is currently under consideration for manufacturing here in Guyana, Sabga III said.
In addition, the ANSA McAL Group is expected to launch its construction equipment businesses soon, to service and support the rapid development of Guyana.
“To deepen our partnership with the government and the people of Guyana for this very exciting phase of Guyanese development, we’re proud to be part of the landscape and part of this progressive country that recognises the importance of not just building for the sake of building, but building for economic resilience through the diversification, investment in human capital and institutional capacity,” Sabga III said.
Guyana is a good place to be and invest, he said, adding that the company intends on staying in Guyana for the long haul.