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The United Arab Emirates and Belize Sign Bilateral Trade Agreements to Promote Investments

Posted: Friday, October 2, 2015. 3:10 pm CST.

BNEFriday, October 2nd, 2015. Aaron Humes Reporting: Belize hopes to emulate key oil producer the United Arab Emirates (UAE) in leading the region in energy, and this week signed bilateral trade agreements for investments from the Middle Eastern kingdom from both the Government and private sectors.

The agreements are modeled on the vision that gave birth to Belize Natural Energy Limited (BNE), Belize’s sole producer of petroleum based in the Spanish Lookout area.

Chairman/founder Susan Morrice has credited Mike Usher for establishing and following his vision of utilizing the abundant natural resources the Jewel has. The company’s model, she said, promotes the sharing of the economic benefits from those resources among all Belizeans and pave the way for a better Belize.

BNE has taken advantage of a special relationship between director and UAE resident Josh Stewart and partner Ali al Naqbi. It believes that its country can emulate the UAE’s vision and prominence in the Middle East, and achieve a similar success story, with the UAE providing the necessary financial and knowledge-based resources to achieve this vision.

The BNE vision is an important part of a growing public-private relationship, and the signing of these agreements between the UAE and Belize is the foundation from which the BNE vision for a better Belize will be realized.


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