GEORGETOWN, Guyana, September 11, 2019 (CMC) – The Guyana government, today, said the decision, by the Trinidad and Tobago-based Massy Stores, to open its second largest facility in the Caribbean, underscores the influx of foreign investments into the Caribbean Community (CARICOM) country.
“We know that foreign investment is a major catalyst for economic development and modernisation. We know that foreign investment helps to create a more competitive business environment and enhance enterprise development. These are powerful reasons to welcome foreign investment into Guyana,” Finance Minister, Winston Jordan, said at the ceremony.
He praised the conglomerate, which has operations in several Caribbean countries, for opening the Massy Mega Store, while reiterating the coalition government’s position regarding foreign investment, here, and stressing the need to build local partnerships.
“Partnership and profit are not anathemas; it is a win-win for all. Supporting local producers, whilst balancing variety, cost and convenience, work out best, all round. The farmer, who has a contract to supply pumpkins, is assured of a ready market and can, therefore, cultivate his crop, and look forward to an assured income,” Jordan said.
He said Massy had bought into the country’s concept of a green economy and is continuously investing in Guyana’s economy.
“The company has stood firm in its vision and has continued to strive for excellence. Today, Massy has opened another giant or mega store. Heartiest congratulations to the directors, management and staff for taking the company forward,” Jordan added.
Chairman of Massy’s Integrated Business Unit, David Affronso, said the new store had a unique format.
“The mega format is like a warehouse or club shopping experience, which has become very popular in the US. Customers have the option to purchase a wide variety of items, in larger quantities, at very affordable prices. The big difference with mega is that there are no membership fees. At Massy Mega, all are welcome.
He said the location “is a hub of entertainment and provides customers with many options at one location, world-class cinemas, premium dining options and now with Massy Mega, an exceptional shopping experience,” he said.