Latest update May 28th, 2026 12:35 AM
Feb 20, 2026 News
(Kaieteur News) – Excel Guyana Inc. has signed four Memoranda of Understanding (MOUs) with Latin American companies during the Guyana Energy Conference and Supply Chain Expo on Thursday.
The agreements, include firms from Brazil/Portugal, Colombia, Ecuador, and Mexico. The signings were executed in partnership with Latitude Geospatial, led by Haimwant Persaud, underscoring a strategic model that pairs international technical and financial capacity with local expertise.
Excel Guyana Inc., headed by Chief Executive Officer Kris Sammy, focuses on facilitating investment and delivering technical solutions across key sectors of Guyana’s economy. Latitude Geospatial serves as its leading local technical partner.
Sammy described the signings as representing decades of combined expertise across port construction, offshore services, civil engineering, and geological surveying. Each MOU was signed by Sammy and Dr. Persaud, reflecting their joint mandate to guide international firms into the Guyanese market.

The four MOUs signed by Chief Executive Officer Kris Sammy (2nd right) and other representative of the four Latin America Firms.
“These companies bring both financial strength and deep technical capacity,” Sammy said. “Our goal is to efficiently bridge the gap between international expertise and local capacity to support Guyana’s rapid expansion.”
He noted that the agreements align with the ambitious infrastructure agenda outlined by the administration of President Irfaan Ali.
The first agreement was signed with LENA ENGENHARIA E CONSTRUÇÕES S.A., part of the LENA Group, a Portugal-based construction conglomerate with 40 years of experience across Latin America. The MOU also incorporates Colombian firm Proyectos e Innovación Cinco S.A.S., with which Excel Guyana works directly.
The agreement was signed with Jaime Augusto representing the LENA Group.
According to Sammy, LENA’s portfolio includes healthcare facilities, schools, hotels, energy infrastructure, roads, highways, and sanitation works — sectors closely aligned with Guyana’s current development priorities.
“LENA brings money to Guyana and they bring their technical capacity,” Sammy said. “They are a well-funded organisation, and they are bringing significant investment.”
The second MOU was signed with CIMENTACIONES GENERALES Y OBRAS PORTUARIAS CIPORT S.A., an Ecuadorian company with 45 years of experience in port construction, marine works, foundation engineering, and bridge construction. The agreement was formalised with Jaime Armando Maciasa representing CIPORT.
Sammy described CIPORT as an ideal partner given Guyana’s growing need for port infrastructure along its river networks. The company has constructed an estimated six to seven ports in Ecuador and has expertise in building facilities suited to varied weather and technical conditions.
“Guyana is currently looking at constructing a number of ports along our rivers, and CIPORT are ideal for these conditions,” Sammy noted, adding that the firm’s capabilities extend beyond port facilities to broader marine and bridge construction.
The third MOU was concluded with Geología Regional y Prospección S.A.S. (GRP), a company with approximately 25 years of experience in soil studies, geological services, and geotechnical assessments. The agreement was signed with Felipe Gomez Reyes representing GRP.
GRP’s expertise is expected to support the critical investigative and ground-level assessments required ahead of Guyana’s numerous planned infrastructure projects.
The fourth agreement was signed with HPS Offshore Services S.A. de C.V., a specialist firm with 14 years of experience in subsea inspection using remotely operated vehicles (ROVs), as well as geophysical and geotechnical studies. The MOU was concluded with Amilcar Lopez representing HPS.
Sammy highlighted that HPS fills a critical gap in supporting Guyana’s offshore oil and gas operations.
“Dealing in deep water is highly technical,” he said. “HPS can attend to all of the technical needs that offshore vessels have in our waters, ensuring they remain in proper condition to reduce risk and avoid potential issues, including hull erosion from extended periods at sea.”
Central to Excel Guyana’s approach is its partnership with Latitude Geospatial. Sammy emphasised that the MOUs are not simply foreign investment arrangements, but part of a deliberate strategy to serve as a bridge between international firms and the Guyanese market.
“These companies need to enter the Guyanese market and they need local expertise,” he explained. “Between Excel Guyana and Latitude Geospatial, we can efficiently bring international capacity into the local environment, combining technical knowledge with financial investment.”
Sammy concluded that the four agreements collectively provide a broad and complementary suite of capabilities, spanning offshore inspection, port and marine construction, geological surveying, and large-scale civil works including hospitals, schools, roads, and hotels.
“They all fit within Guyana’s infrastructure strategy,” he said. “This group aligns with the vision of developing Guyana.”
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