Baganara unveils $320M Conference Cottage project

The tourism sector reached a milestone with the commissioning of new Conference Cottages at Baganara Island Resort, representing a $320 million local private-sector investment and signalling confidence in the country’s development trajectory.
The expansion reflects the government’s integrated development approach, positioning tourism as a strategic pillar of economic diversification, interior development, and biodiversity-based growth, the Guyana Office for Investment said.

Speaking at the ceremony, Prime Minister Brigadier (Ret’d) Mark Phillips and Minister of Tourism, Industry and Commerce, Susan Rodrigues, were joined by Chief Investment Officer Peter Ramsaroop.
Ramsaroop said the project is a response to policy certainty, improved connectivity, and sustained national delivery.
“Baganara did not expand by chance. It expanded because Guyana is now deliberately connected,” he said.
He added that local investment signals confidence in the country’s long-term growth.
“When interior destinations expand through local capital, it tells you that national confidence has reached the hinterland,” Ramsaroop said.
He emphasised that tourism is treated as economic infrastructure linked to transport, energy, logistics, and environmental services.
“This is what a green economy looks like when it is real, investable, and inclusive,” he said.
Ramsaroop commended the Correia Group for aligning private investment with national priorities. With expanding airlift, upgraded airports, and major infrastructure projects, Guyana’s tourism sector is entering a new phase defined by scale, connectivity, and local confidence.