At Grupo Unicomer, we are proud to be an innovative and active investor, fostering progress in our markets. As part of this commitment, we are pleased to announce our new business investment of $118M USD in Guyana, in partnership with our real estate company RedStart.
This investment is a new Logistics Park, located in Houston, Guyana, which will have 60 acres of land that will streamline processes in our supply chains, improving service times and expanding our agreements with companies in the region.
Likewise, we will open an Ashley store and a Courts Megastore, covering over 50,000 square feet that will offer world-class facilities and the best shopping experience for our customers, with a wide product portfolio, including furniture, home decor, appliances, and of course, our extensive range of financial services.
Both projects are expected to begin construction in May 2023, subject to necessary regulatory and governmental approvals, with total completion anticipated for the spring of 2025.
We are confident that this investment will have a positive impact not only on the local economy, stimulating growth and driving the country forward, but also for its inhabitants, providing new job opportunities and elevating the employee and customer’s experience in Guyana to the next level.