Guyana, UAE Crafting Joint Investment Agreement

• Dr Irfaan Ali has said that his government intends to use the examples of countries such as the United Arab Emirates (UAE) and best practices from countries across the world to enhance and develop Guyana. 
• President Ali explains that Guyana is not competing with anyone, instead, he and his government want to use the best examples, best practices to do the best they can do for their citizens and the people of the region—giving them a better shot at life, a better shot at prosperity, and ensuring that revenues help to build an economy that reduces inequality and disparity. 
• The Head of State related that the UAE has taught the world how to utilise oil revenues to diversify its economy and ensure that there is a system of equality, improved governance services, and state-of-the-art infrastructure. Similarly, Guyana wants to use the resources that it will gain from oil revenues to build an economy that is resilient, broad, and well-diversified. 
• Guyana is working closely with the UAE in several areas, including infrastructure development, improving efficiency in governance systems, and technology transfer, to achieve this goal. The two states are collaborating on an investment agreement that would make it easier for investors from the UAE to invest in Guyana.

 (Source: Guyana Chronicle)