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Guyana continues to attract investors - Israeli company to invest in agri venture

posted Jul 4, 2009, 10:53 AM by Shigam Agri   [ updated Jul 6, 2009, 3:20 PM ]

Agriculture Minister Robert Persaud tours the Dora, Soesdyke site (GINA photo )


Guyana has over US$1.5 billion of opportunities present in seven areas in the agricultural sector and Shigam Inc, an investment company has decided to invest in the sector.

The Israeli company has begun clearing 200 acres of land at Dora, Soesdyke that has been earmarked for the cultivation of papaw and pineapples among other crops. Cultivation is expected to commence next month.

Director of the company, Liran Peretz, who hails from Israel, informed members of the media yesterday that ‘Guyana is the alternative due to availability of water year round’. Guyana is considered economical and viable due to its vast land, fertile soil and year round availability of water.

Shigam Inc according to its business profile has more than 30 years of experience supplying markets and supporting other farmers around the world.

Minister of Agriculture, Robert Persaud, during a visit to the area yesterday said the partnership has a ‘two-wind strategy; promoting and accelerating diversity and secondly a company with a market to allow Guyana to enter markets we were not able to enter before’.

The company is linking with other Guyanese farmers to export fruits and vegetables based on the market requirement and demands.

Satellite farms - agricultural food production areas that operate just within the periphery of an urban setup - will sell their produce to Shigam Inc which will in turn export them to their markets in Europe and the United States.  (GINA)
Agriculture Minister Robert Persaud tours the Dora, Soesdyke site (GINA photo)