Suriname’s construction industry is gaining momentum after years of stagnation. With increased private investment and government spending fueled by the oil and gas sector, the country is entering a new phase of development. According to Baitali Group CEO Farsi Khudabux, key growth areas include steel buildings, commercial spaces, and vital infrastructure projects such as roads and ports.
Local expertise remains a crucial pillar of Suriname’s infrastructure growth, but resource limitations often necessitate strategic partnerships. While local contractors may not always have the capacity to meet large-scale demands, collaboration with international firms has proven to be a successful model. It’s essential to strike a balance,” the interviewee noted. “Local contractors should have the space to grow, and past collaborations with foreign firms have been successful.” Projects like the Suriname River Bridge and Port of Paramaribo show how such partnerships drive development while strengthening local businesses. Encouraging these partnerships ensures knowledge transfer, fosters economic growth, and prepares Surinamese companies for larger roles in the future.
Baitali Group has played a crucial role in Suriname’s development, constructing major roads and financing government projects. Current initiatives include rehabilitating the East-West Connection Road and expanding operations in Guyana and Barbados. Looking ahead, Khudabux stresses the need for strategic planning: “Suriname must invest its oil wealth wisely, diversifying into agriculture and tourism.”
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Sustainability and innovation are at the heart of Baitali’s work, with initiatives focused on reducing carbon footprints and improving fuel efficiency. The company also prioritizes community engagement, hiring and training local workers.
For investors, Suriname offers untapped potential. “We’re at the beginning of something big,” Khudabux says. “Now is the time to explore the opportunities.”
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