Finance Minister tours Giftland Mall site

Minister of Finance, Dr. Ashni Singh on Wednesday had a firsthand look at construction on the Giftland Shopping Mall, Turkeyen.

A release from GINA said that accompanying the Minister were Ian Ramdeo, Director of the company developing the mall, and Robert Carrady, President of Caribbean Cinemas Management, one of the main occupants of the mall.

GINA said that Carrady was visiting to follow-up on the progress being made on the eight theatres his company is setting up in the 265,000 square-foot mall. Three of the theatres will have 3D capacity, each of which will also seat between 130 to 180 persons.

Ian Ramdeo (left), Director of the company developing the Giftland mall, and Robert Carrady (right), President of Caribbean Cinemas Management, one of the main occupants of the mall with Finance Minister Dr Ashni Singh (centre) during a visit on January 22. (GINA photo)
Ian Ramdeo (left), Director of the company developing the Giftland mall, and Robert Carrady (right), President of Caribbean Cinemas Management, one of the main occupants of the mall with Finance Minister Dr Ashni Singh (centre) during a visit on January 22. (GINA photo)
Finance Minister, Dr. Ashni Singh (right) seeks clarification from Ian Ramdeo, Director of the company developing the Giftland mall, on the facility’s plan on Wednesday (GINA photo)
Finance Minister, Dr. Ashni Singh (right) seeks clarification from Ian Ramdeo, Director of the company developing the Giftland mall, on the facility’s plan on Wednesday (GINA photo)

Singh told GINA that the project is further evidence that there exists strong investor confidence in Guyana’s economic performance.

“Here we have a multi-million dollar project that is locally owned. The investors have taken the initiative, conducted the research, assured themselves of the attractiveness of the project, secured financing, and are now at an advanced stage of construction,” Singh said.

“Additionally, this project is indicative of how quality of life is improving steadily in our country, to a point where we now have malls with international branded stores, state of the art theaters, and extensive parking facilities to accommodate the wave of vehicular traffic that will be generated by patrons of the mall. This is further evidence of the progress that is taking place in Guyana today”, Singh asserted.