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$1.3B in contracts awarded to construct new Palmyra Cultural Market

Jan 10, 2026 News

(Kaieteur News) – The One Guyana Cultural Market, which the government intends to construct at Palmyra, Region Six will cost approximately $1.3 billion.

According to information released by the National Procurement and Tender Administration Board (NPTAB) office, the project will be done in lots and three contractors have been contracted.

Those awarded the project are Permaul Trading & Distribution for $311,608,700; A & K Construction & Maintenance Services for $574,741,524; and BluePrint Builders Inc. for $476,273,318.

President Irfaan Ali announced the construction of the facility during the Emancipation Day celebration held at the New Amsterdam Technical Institute in August 2024.

Quoted in a Department of Public Information (DPI) article, the President said, “As we build the new stadium, and as we build facilities around the stadium, and as we build hotels, an important part of why people will come to Region Six is to be part of this national cultural market.”

“This will be a symbol of the importance of culture in bridging gaps and bringing people together.  The importance of culture in economic and social revolution. The importance of culture in developing healthy lifestyle … [and] the importance of culture in celebrating the unity of our people and our country,” he added.

Following the president’s announcement, a sum of $800 million was budgeted in the 2025 national budget for the project. It was reported that the cultural market will be a rich educational and cultural hub to showcase the diversity and unity of people for families to enjoy and celebrate.

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