Guyana: Trinidad company Massy opens massive Superstore at Turkeyen, near Georgetown

Minister of Finance Winston Jordan (third from left) and Chairman of Massy Integrated Retail Business Unit, David Affonso (centre), flanked by Massy Stores executives and Minister of Business Haimraj Rajkumar (third from right) as they cut the ribbons to officially open the Massy Stores Mega at the MovieTowne compound, Turkeyen. (Terrence Thompson photo)

Minister of Finance Winston Jordan (third from left) and Chairman of Massy Integrated Retail Business Unit, David Affonso (centre), flanked by Massy Stores executives and Minister of Business Haimraj Rajkumar (third from right) as they cut the ribbons to officially open the Massy Stores Mega at the MovieTowne compound, Turkeyen. (Terrence Thompson photo)

Customers will be able to access a range of goods including groceries, car accessories, electronics, household appliances and more at the “Massy Mega,” which is said to be the second in the Caribbean. The superstore also features a pharmacy, bakery and a deli. At the ribbon-cutting ceremony, it was stated that the store will cater for all ages and lifestyles as it aims to transform customers’ shopping experience.

David Affonso, the Chairman of the Massy Integrated Retail Business Unit, told the gathering, which included Minister of Finance Winston Jordan, that just over 50 years ago, the Massy Group started operations in the country, providing industrial equipment and over the years, has grown significantly. “Our investment in Guy-ana continues with the opening of the second store here at MovieTowne. This store represents a deepening of our investment in this market. It is also evidence of our continued commitment to Guyana and moreso, to the people of Guyana who we proudly serve,” Affonso said.

Chairman of Massy Integrated Retail Business Unit David Affonso leads Finance Minister Winston Jordan and Business Minister Haimraj Rajkumar on a tour of the recently opened Massy Mega Superstore   (Terrence Thompson photo)

According to the chairman, for the year leading up to yesterday’s opening, Massy’s Guyana team benefitted from training facilitated by international and regional retail leaders. “Massy Mega Turkeyen is a one-of-a-kind retail location which will significantly diversify the country’s retail space in several ways,” he said.

Affonso recounted that the first Massy Mega was established in St Lucia some years ago and after learning from that, the Massy Group endeavoured to make the Guyana location better. “The Mega format is like a warehouse or club shopping experience which has become very popular in the US, where customers have the option to purchase a wide variety of items in larger quantities at very affordable prices,” he said.

According to the official, in the store’s conception, it was modeled as a supermarket but changed to suit Guyana’s changing business landscape. He highlighted that a wide range of non-food items not traditionally found in conventional supermarkets are available at the Massy Mega location. He also pointed out that Massy stores is aligned to the country’s sustainability agenda and implemented the use of reusable shopping bags instead of single use plastic bags at their stores.

A view of the store’s layout. (Terrence Thompson photo)

Meantime, in giving the feature address, Jordan observed that the opening of the new Massy outlet marks yet another investment in Guyana by Trinidadian entities. “Being considerably larger in geographic size, we in Guyana are not afraid of being tagged with the moniker, ‘Little Trinidad’. We are happy to welcome our closest Caribbean neighbour to these shores as we have done for several decades,” the minister said. He added that Guyanese are happy to welcome all of the Caribbean Community (CARICOM) countries to invest, holiday, conduct business and even relocate to a safer country free of severe natural disasters.

Go-to country

On the note of natural disasters, the minister extended condolences to persons who would have lost family and friends to Hurricane Dorian which severely affected The Bahamas. He added that he hopes that Bahamians and other members of the CARICOM family see Guyana as the go-to country.

Meanwhile, he also highlighted Guyana’s growing economy. Jordan said that subsequent to the 4.1 per cent growth rate in 2018, Guyana recorded an economic growth rate of 4 per cent at the first half of  2019 and is set to grow by 4.5 per cent by the end of the year. He highlighted that the economy is slated to boom in the years ahead.

“From moderation to explosion, Guyana’s economy is projected to grow by 33.5 per cent in 2020 and 22.9 per cent in 2021…The achievements of such dizzying growth rates will signal Guyana’s emergence from the dark days of being the sick man of the Caribbean, perpetually trapped by ethnic and political conflicts, to the jewel of the Caribbean crown,” Jordan said.

“Our government does not see you as carpetbaggers, a derogatory term associated with scallywags and no-goods that was used by an increasingly frustrated and irritated opposition leader to describe investors coming to Guyana,” Jordan added, referring to Opposition Leader, Bharrat Jagdeo. He said that the APNU+AFC government is aware of the role that foreign investment plays in the growth and development of a country. According to the minister, as Guyana’s economy evolves, the government will continue to make efforts in facilitating foreign investors across all potential economic sectors in the country.

The Massy Stores Mega located at the MovieTowne compound, Turkeyen, East Coast Demerara. (Terrence Thompson photo)

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Comments

  • kamtanblog  On September 12, 2019 at 4:26 am

    Good news …
    Is the mighty British corporation after
    a bit of the petro dollars in pipeline.?
    Will they be paying taxes on “profits”
    made in Guyana from local consumers ?
    Where is their HQ domiciled for tax purposes ?
    Ireland or Channel Islands Gibraltar
    (Tax havens for British corporate. ?
    Will manufacturing be focused on
    “Made in Guyana” labelling?
    Will they import/export the Guyana brands ?

    More questions than answers !
    All that glitters is not gold ?

    However it’s good news for employees
    but will they share in the profit of their
    labour/employers ? Will they be paid a
    “Liveable” wage ?
    Remain sceptical but optimistic !

    Kamtan

  • Clyde Duncan  On September 12, 2019 at 6:19 am

    My concern is ‘is this place below sea level?’ – This is 2019, this should be a consideration.

    Where I live in Canada, on the west coast, below sea level, these builders pile drive and even build-up the foundation at ground level to 15-20-feet above ground before actually constructing the building.

    • kamtanblog  On September 12, 2019 at 6:27 am

      Yep
      Maybe we should stop building houses
      Instead build “Noah arc” houses ! Ha ha

      but hey the titanic was unsinkable !

      Nah just don’t live there anymore after
      the shock of Dorian !

      QED

    • kamtanblog  On September 12, 2019 at 6:35 am

      Clyde
      Been saying for decades…GT needs to be
      resisted nearer airport on higher ground.
      No one is listening/reading.
      Guyana the failed state !
      Colony of USA !

      Massey Ferguson sold tractors to rice
      farmers in 60”s boom… today they
      are retailers…British shop keepers.
      Wonder how many small businesses will
      disappear ! Big is beautiful !

      Amusing

    • Trevor  On September 13, 2019 at 4:44 pm

      Badal has everything covered for his 12 story Pegasus mega-hotel.

      The Chinese contractors were using cement and a very deep well to concrete the foundation, before they started to build at ground level. They dug I think was almost 150 feet down below and started filling it with cement while laying the steel foundation.

      12 storey buildings are the new six story malls in GT. Chinese investors aim to build at least 35 storeys tall so I hear.

  • Trevor  On September 12, 2019 at 6:52 pm

    Will this put locals out of business as Trini and multinational companies have access to cheaper goods, or they get tax free incentives compared to locals?

    • kamtanblog  On September 13, 2019 at 1:25 am

      Yes ! Common sense advantage over local “billionaires”…who will “if u cannot beat dem join dem” brigade !
      Corruption at the highest levels!
      1. State
      2. Corporate
      3. Greedy local investors.

      Go figure
      Go google
      Kamtan

      • Trevor  On September 13, 2019 at 4:41 pm

        The Walmartisation of the economy?

        Walmart tried to open a supermarket in Mexico, but there was outrage because the officials were bribed to forge land deeds, and in some cases, murder the righteous land owners and steal their land.

        This happened under the PPP government when Lamaha squatters were quietly gunned down if they refused to move from their squatter huts. The PPP and MCC claimed that it was “to save lives from death traps”, while over the years, the empty and vacated lands were growing six and seven story death trap buildings which were fire hazards.

        One former MCC worker I knew since secondary school told me that a random Chinese “investor” was adamant that he could construct a 18 storey high mega hotel in the middle of a flood zone, and he tried to bribe him. The “investor” eventually built a 7 story high office tower instead.

        Meanwhile, Stabroek Market vendors are harassed by police even if selling there for over 20 years under PPP.

        I tell everyone—The AFC is just a band of PPP rejects but with a very anti-working class ethos.

  • Andrew Bierzynski  On September 16, 2019 at 12:44 pm

    Massy is a Trinidad “Caribbean” Conglomerate. Before “re-branding” some years ago it was known as Neal & Massey.
    Not British…………….

    • kamtanblog  On September 16, 2019 at 9:23 pm

      There is Massy and Massey…
      One Trinidadian other American

      Massey Ferguson is an Anglo American
      consortium which is not MASSY

      Hence my mistake

      Thanks correction

      Kamtan

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