President Bharrat Jagdeo today unveiled the official plaque for the first ever MovieTowne, optimistic that the once vibrant movie theatre environment in Guyana will be revived in a more revolutionized fashion. The plan was unveiled today at Georgetown Club in the presence of Presidential Candidate Donald Ramotar, MovieTowne founder Derek Chin and other officials of the company including the architect and marketing manager.
MovieTowne a subsidiary of its establishment in Trinidad and Tobago is a chain of eight state of the art multiplex cinemas coupled with 30 local, regional and international stores, a bank area for dining and a parking space for over 700 vehicles. Movie options range from Hollywood, blockbuster regional and Bollywood movies
President Jagdeo said that the entertainment options and other services offered by MovieTowne are services badly needed in Guyana given the waning state of movie theatre in the country.
“We still do have a gap where a lot of our people are looking for entertainment… good entertainment for the family and everyone and, I think MovieTowne will be able to fill that gap,” President Jagdeo said. The entrepreneurs will be investing USM in the venture, anticipating employment opportunities for approximately 800 when the facility is complete. Construction is scheduled to commence in 2012 and expected to be completed in less than two years. The facility will be constructed on a ten acre plot of land at Turkeyen.
MovieTowne Guyana will be the fourth of its kind and first establishment outside of the twin island republic with the hope of “changing the lives of Guyanese far and wide, offering a level of recreational leisure never before experienced.” The proprietors have assured that the investment will promote among other things, the evolution of a tourist attraction facilitating an indigenous modern world class environment that showcases the local culture people and enterprise of Guyana. They also said that it will foster harmonious trade relations between Guyana and Trinidad and Tobago.
MovieTowne will add to the many elaborately designed facilities that over the years has significantly enhanced the aesthetics of the city and its environs. It is also a symbol of investor confidence in the Guyanese economy. Only recently, Minister of Finance Dr. Ashni Singh at a television panel discussion said that investor interest in Guyana is evident now more than ever before in the country’s history and credited the achievement to the policy environment created by the administration over the years.
Within months the new Marriott Hotel will be launched which President Jagdeo said will add to the stock of facilities that will significantly improve the level of services offered to Guyanese. President Jagdeo said Guyana over the years has made tremendous progress in almost every field (economic and social) while Guyanese have been able to attain a higher incomes at the household level.
