GEORGETOWN, Guyana — President Dr Mohamed Irfaan Ali on Friday announced that his government will soon launch an expansive five-year national development blueprint aimed at accelerating economic expansion and delivering one of the most transformative periods of infrastructure growth in Guyana’s history.
Speaking at the Guyana Oil and Gas Energy Chamber’s annual dinner in Georgetown, President Ali said the plan will integrate major investments across energy, industrial development, logistics, technology, and human capital development to position Guyana as a globally competitive economy by 2030.
The blueprint centres on two major development corridors — Wales on the West Bank Demerara and Berbice — which together will anchor nearly US$10 billion in planned investments.
At Wales, more than US$4 billion is earmarked for the gas-to-energy project, power-generation capacity, fabrication yards, marine terminals, industrial zones and logistics infrastructure. In Berbice, the government will move ahead with a deep-water port, the second gas project, a major gas pipeline and large-scale industrial development designed to support energy, agriculture and export-oriented manufacturing.
President Ali noted that Guyana’s oil production is projected to climb from more than 900,000 barrels per day to an estimated 1.3 million barrels per day by 2030. The five-year plan, he said, is designed to ensure that the country effectively converts its oil revenues into long-term economic assets.
He emphasised that the strategy goes beyond infrastructure, placing heavy focus on human development, efficiency, skills training and technological readiness. Without significant improvement in these areas, he warned, Guyana risks undermining its global competitiveness.
“Our goal is clear,” Ali told the gathering. “We must transform our resource wealth into sustainable, productive assets — energy security, modern ports, efficient logistics, advanced industry and a workforce ready for the future. The next five years are about scaling Guyana into a leading economy, not just in the region but internationally.”
President Ali said the blueprint will be released shortly and will serve as a unified roadmap for the government, the private sector, investors, and development partners as Guyana’s rapid transformation accelerates.
He described the coming phase as a “national lift-off,” signalling the start of deeper industrialisation, expanded manufacturing and unprecedented infrastructure modernisation across the country.