Pres. Ali to unveil “unmatched” 5-year expansion plan

Dec 01, 2025 News

– says nearly US$10B in projects set to reshape Guyana

(Kaieteur News) – President Irfaan Ali has announced that the government will soon unveil a sweeping national economic expansion and infrastructure integration plan, one he says will transform Guyana at a scale “unmatched” in the nation’s history.

Speaking at the Guyana Oil and Gas Energy Chamber’s Annual Awards Presentation Dinner at the Marriott Hotel on Friday night, President Ali told industry leaders and private-sector executives that Guyana is entering a hyper-accelerated phase of development, powered by historic investments in energy, infrastructure, logistics and new industries. “This journey is now getting fired up,” the President declared. “In the coming days, I will lay out with great clarity our economic expansion, infrastructure.

Pres. Ali to unveil “unmatched” 5-year expansion plan

President Irfaan Ali

At the centre of the upcoming national plan are two regions that Ali says will form the backbone of Guyana’s new energy ecosystem. The president said that Guyana is entering a phase of unprecedented investment, with Wales and Berbice emerging as the nucleus of a new national energy ecosystem. At Wales, he said more than US$4 billion will be invested over five years in the gas-to-energy project, power plants, fabrication facilities, industrial zones, marine infrastructure, and logistics services. In Berbice, a second gas project, a deep-water port, industrial expansion, and the massive gas pipeline, estimated alone at over US$2 billion, will anchor another wave of national development. Combined, these regions will drive close to US$10 billion in new infrastructure and energy-linked investment, he said according to a Department of Public Information report. “This is remarkable,” President Ali said. “If this does not excite us as a people, I don’t know what will.”

Guyana is projected to end the year producing approximately 930,000 barrels of oil per day, up from 650,000 barrels earlier in the year. By 2030, production is expected to reach a conservative 1.3 million barrels per day. The President, however, cautioned that the global energy outlook indicates an oversupply environment between 2025 and 2030, meaning Guyana must continue to build a competitive, efficient, and technologically advanced energy ecosystem.

“This industry is price, cost, technology and regulatory sensitive,” he stressed, noting that every risk associated with global commodity markets is magnified in oil and gas. “That is why disciplined, careful planning is essential.” President Ali emphasised that the nation’s success depends heavily on human capital readiness. “The greatest complaint in the private sector today is a shortage of human capital,” he said, urging workers to embrace upskilling, higher productivity, and a culture of excellence to match the pace of national transformation.

A lack of workforce maturity or inefficiency, he warned, can threaten competitiveness and undermine national development. Despite Guyana’s rapid ascent, the President urged discipline and long-term thinking. “We cannot afford to be swept away by the tide of optimism,” he cautioned. “Our future is glorious, but we must temper expectations.” He reaffirmed that the Government’s approach is to convert oil wealth into productive assets such as roads, ports, energy infrastructure, human capital development, and diversified industries. “The economy is in safe hands, your hands, our hands, the nation’s hands,” he affirmed.

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expansion plan, Irfaan Ali, Oil and Gas Energy, Wales

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