GMSA eyes $250M incubator & Uncapped Market 2026 in major growth push

Capping off a year marked by major service improvements, the Guyana Manufacturing and Services Association (GMSA) is gearing up to launch its UnCapped Market Place 2026 while establishing a $250 million business incubator aimed at boosting local enterprises.

GMSA President Rafeek Khan, speaking at the Association’s 30th Annual Presentation Awards Ceremony at the Marriott Hotel, said Guyana’s rich resources and expanding economic landscape are creating unprecedented investment opportunities.

“This is how we transition into new economies. I believe this could be a manufacturers’ incubator for small, medium and large companies,” Khan explained, noting that the facility will allow businesses to operate without relying on government-provided infrastructure.

The ceremony also honoured member companies for their contribution to national development. The Uncapped Market Place Online Portal – used to connect businesses with consumers – was also introduced during the ceremony.

Finance Minister Dr Ashni Singh said the country’s rapid expansion in private investments reflects confidence in Guyana’s development trajectory. He emphasised that government efforts to strengthen infrastructure and human capacity are not short-term but 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,” he said.

Dr Singh underscored that the planned landing of a second gas pipeline in Berbice, recently announced by President Dr Irfaan Ali, will trigger a new wave of industrial development, expanding electricity generation and complementing the Wales Gas-to-Energy project.

Crucially, the new infrastructure opens doors to industries previously unexplored.

“The potential for fertiliser production, the potential for value-added operations that we have not been able to host in Guyana… the potential to develop energy-intensive industries,” Singh said.

Value-added production remains a national priority, and GMSA has already responded by forming several consortiums this year, aligning with President Ali’s call for local businesses to collaborate and compete in the growing economy.