diff --git a/gateway/VERSION b/gateway/VERSION
index 5a83d850f..a8760c286 100644
--- a/gateway/VERSION
+++ b/gateway/VERSION
@@ -1 +1 @@
-1.2.0-alpha2-SNAPSHOT
+1.2.0-beta-SNAPSHOT
diff --git a/gateway/build.yaml b/gateway/build.yaml
index 6a5f46b69..e2672a86a 100644
--- a/gateway/build.yaml
+++ b/gateway/build.yaml
@@ -1,6 +1,6 @@
 version: v1
 gateway:
-  version: 1.2.0-alpha2-SNAPSHOT
+  version: 1.2.0-beta-SNAPSHOT
 policies:
   - name: advanced-ratelimit
     gomodule: github.com/wso2/gateway-controllers/policies/advanced-ratelimit@v1