Guyana is poised for significant growth as the Guyana Manufacturing and Services Association (GMSA) prepares to launch a $250 million business incubator aimed at boosting local enterprises. The initiative, part of a broader plan to establish an UnCapped Market Place 2026, will provide a platform for businesses to operate independently without relying on government-provided infrastructure.
GMSA President Rafeek Khan emphasized the potential for Guyana’s rich resources and expanding economy to create unprecedented investment opportunities. ‘This is how we transition into new economies,’ he said. ‘I believe this could be a manufacturer’s incubator for small, medium and large companies.’
Finance Minister Dr. Ashni Singh highlighted the country’s rapid expansion in private investments as a reflection of confidence in Guyana’s development trajectory. He emphasized that government efforts to strengthen infrastructure and human capacity are designed to support emerging industries.
‘You know the investments we are making to improve the quality of life enjoyed by our population, ensuring we have a healthy workforce with the right skills,’ Dr. Singh said. ‘The planned landing of a second gas pipeline in Berbice will trigger a new wave of industrial development.’
The new infrastructure offers opportunities for industries previously unexplored, such as fertiliser production and value-added operations.
GMSA has formed several consortiums this year to align with President Ali’s call for local businesses to collaborate and compete in the growing economy. The Guyana National Bureau of Standards has also surpassed its annual Key Performance Indicators (KPIs) and is now tasked with meeting new challenges.
In other news, a locally owned fast-food franchise has opened its fourth branch, while a hotel has been named Hotel of the Year at the 2025 Guyana Tourism Awards & Gala. A new news outlet has also been launched to cater to persons interested in creative and intelligent journalism.
Source: newsroom.gy
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