UAE Sign Investment Agreement With Pakistan Worth 3 Billion Dollars

Islamabad: Pakistan and the UAE have signed a $3 BN investment agreement for collaboration in sectors including railways, economic zones, and infrastructure development.

Pakistan and UAE have decided to collaborate on various projects like railways, economic zones, and building things. They signed a deal worth $3 billion in Switzerland at the World Economic Forum. The Pakistani government and a company from the UAE closed this deal.

Shahid Ashraf Tarar, who is in charge of communication, railways, and maritime affairs in Pakistan, talked about importance of the well-reputed company, UAE company, DP World, is in Pakistan. He believes the two countries can work together well and do big projects.

The Chairman of Ports, Customs and Free Zone Corporation of Dubai, Sultan Ahmed bin Sulayem, said that Pakistan is an important place for trade and is rapidly growing land. He emphasised the Qasim International Container Terminal operations and several other projects as examples.He said that he was completely satisfied with the UAE’s contribution to strengthen Pakistan’s trading capabilities.

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