Guyana is poised to become a technological hub for the Caribbean with the proposed development of a state-of-the-art data center, estimated to cost between US$2 billion and US$3 billion. President Irfaan Ali unveiled this ambitious plan during the grand opening of the SOMA Hotel and Restaurant, a venture by TOTALTEC Group, on October 11, 2025. The project aims to establish Guyana as a regional leader in innovation, computing, and data storage. The data center, requiring vast land and a stable, cost-effective energy supply, is expected to support various industries, including FinTech, digitization, and modernisation across the Caribbean. President Ali emphasized the strategic importance of this investment, envisioning Guyana as the sovereign storage and computing hub for the region. The initiative aligns with ExxonMobil Guyana’s appraisal of hydrocarbon resources at Longtail in the Stabroek Block, which could fuel energy plants and other industrial facilities. The SOMA Hotel, a symbol of local economic growth, will employ 60 to 100 Guyanese and source materials locally, reflecting the nation’s commitment to sustainable development.