President Santokhi Says Suriname is Open For Foreign Investment

NEW YORK, New York – President Chandrikapersad Santokhi says Suriname is open for foreign investment as he urged members of the Surinamese diaspora to take advantage of the situation.

chansanksPresident Chan Santokhi, during a meeting with the diaspora community in New York, called on them to invest in Suriname. (Photos: Cabinet of the President)Santokhi, who is in New York to attend the 79th meeting of the United Nations General Assembly (UNGA), told the meeting that Suriname is an attractive destination for foreign investment and business partnerships, as he gave a presentation, emphasising the economic progress of Suriname, especially in the oil and gas sector.

“Suriname has made significant steps in the development of its hydrocarbon industry, with major players such as Total Energies and Petronas taking the lead in offshore oil fields such as Block 58 and Block 52”.

Santokhi said that these projects not only stimulate the country’s oil and gas sector, but also create valuable spin-offs that contribute to broader economic development.

He said that as the oil and gas industry continues to flourish, it also stimulates economic growth and positions Suriname as an emerging energy hub in the region.

In his appeal to the Surinamese diaspora in New York, Santokhi said that they had valuable expertise and resources that can help develop sectors such as agriculture, tourism and even start-ups.

“You, as a business owner, as an investor or as a service provider, can be local content, when you register as a company in Suriname and find a suitable business partner,” he said, indicating that the government’s mission is to create a favourable climate for international business, attract foreign investment and promote international cooperation.

“We have a hospitable population and society, a pro-business government, a strong and independent judiciary, a developing and transforming banking sector and a diversity that lives in peace,” Santokhi said.