Developments in Suriname justify Guyana’s opening an embassy in Kuwait

Jul 23, 2011 Letters

DEAR EDITOR,
Surinamese gold is now sold in souks (markets) in Dubai and shipped there by KLM Royal Dutch Airline, but now the United Arab Emirates (UAE) has made its first substantive investment in Suriname with the acquisition of two ports in Paramaribo. Marine terminal operator DP World said on Wednesday that it has acquired controlling interests in two ports based in Suriname to expand its global reach.
The Dubai-based port operator, the third-largest in the world by volumes, acquired a controlling stake in Integra Port Services, (IPS), and in Suriname Port Services, (SPS).
DP World will have a management services agreement for both terminals. The transaction is expected to close in the third quarter of 2011. The price was not disclosed.
Suriname is keen to solicit investment from the Arab Gulf region.
At the last Mercorsur Summit in South America, Suriname President Bouterse, held a bilateral meeting with The United Arab Emirates (UAE) Minister of Foreign Affairs, Shaikh Abdullah Bin Zayed Al Nahyan.
Paramaribo has recently seen the arrival of Sheikh Khaled Ahmed Moosa, CEO of Spirito Investment Ltd, a Dubai, and United Arab Emirates-based investment company seeking investment in the oil, timber, gold and housing sectors of Suriname. The Emirati Company some months ago signed a memorandum with the Surinamese entrepreneur Andre Roy Royce of N.V. Orie.
These developments in Suriname justify Guyana opening an embassy in Kuwait. It will take some time, but Middle Eastern investment will come to Guyana. Arab investment in South America has doubled in the past decade. South American trade with the Arab Gulf increased like 300% in the past five years. Politically, the two regions have grown very close due strong historical and cultural ties.
Critics of Guyana advancing Middle Eastern ties ranted much to score political mileage or to take a swipe at the ruling government. Guyana, like I have always said, must look at what Suriname is doing differently. Guyana-Suriname political and economic cooperation will advance the development of their people. For this reason, the bridging of the Corentyne River between Guyana and Suriname that will link Guyana to Cayenne and Northern Brazil will advance Guyana’s economic well being.
Ray Chickrie

Latest News

Developments in Suriname justify Guyana’s opening an embassy in Kuwait

Related

Similar Articles

The Glenn Lall Show | December, 2nd, 2024

Follow on Tik Tok @Glennlall

THE BLUNT OF THE DAY

Sports

Seven Regional Champions to vie for direct promotion single spot in...

Kennard Memorial Turf Club expresses sincere...

Canada-based Guyanese Umpire Suresh Budhoo...

Anil Beharry Real Estate and Related Services...

Alarm in West Indies over radical two-division...

After 18 years hiatus, West Indies arrive in...

Features/Columnists

Jagdeo’s policies were a disaster

Forget Begging Rich Nations: Caribbean Countries Should Act to Save Themselves

John Hess speaks, Guyanese should listen

Publisher’s Note

Weekend Cartoon

Bridge Watch

Demerara Harbour Bridge

> Berbice Bridge […]

Developments in Suriname justify Guyana’s opening an embassy in Kuwait

Share this:

Related

Similar Articles

The Glenn Lall Show | December, 2nd, 2024

Follow on Tik Tok @Glennlall

THE BLUNT OF THE DAY

Sports

Features/Columnists

Publisher’s Note

Weekend Cartoon

Bridge Watch

Demerara Harbour Bridge

> Berbice Bridge […]