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Jamaican market research and data insights company Bluedot Insights has formed a strategic partnership with Guyanese company ActionINVEST Caribbean Guyana Inc. This partnership will allow Bluedot Insights to offer its services to the Guyanese oil and gas sector. Guyana’s local content legislation requires foreign companies to partner with local companies. The legislation is designed to protect the interest of local companies and specifies that companies formed through joint ventures to be at least 51 percent Guyanese-owned to benefit from the concessions in the Local Content Act.
Bluedot Insights’ partnership with ActionINVEST aims to increase data-driven decisions made by companies operating or desirous of operating in Guyana through its services
According to the Jamaican Observer, ActionINVEST “will be responsible for bringing clients to Bluedot and providing on-the-ground support and operations, execution, data analysis, report writing, and any other technical expertise required.”
The partnership between the two companies emerged from a business-to-business session during a trade mission to Guyana in 2023 led by Aubyn Hill, Jamaica’s Minister of Industry, Investment, and Commerce.