UAE President Commits to Invest $10 Billion in Pakistan

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In a bilateral meeting with Prime Minister Shehbaz Sharif today in Abu Dhabi, President Sheikh Mohamed bin Zayed Al Nahyan of the United Arab Emirates pledged to invest $10 billion in various sectors of Pakistan while assuring the support of the UAE under all conditions.

The Prime Minister’s Office stated in a news statement that the meeting offered a chance to talk about bilateral ties, including collaboration in the political, economic, social, cultural, and defence domains.

The prime minister emphasised the significance of reviving current collaboration and fortifying strategic alliances, particularly in the domains of information technology, sustainable energy, and travel.

The prime minister outlined measures implemented by the administration to guarantee the nation’s socioeconomic stability and bolster investor confidence. He reaffirmed Pakistan’s commitment to ensuring the meaningful execution of agreements for investment cooperation in the fields of energy, minerals, banking and financial services, wastewater treatment, food security, logistics, and port operations projects.

In addition, the prime minister thanked the UAE government for hosting 1.8 million Pakistani expatriates and emphasised Pakistan’s enormous human resource potential, which could be used in a variety of fields.

The two leaders discussed other topics of shared interest, such as regional and international events. The president of the UAE accepted the prime minister’s offer to return to Pakistan for an official visit.

Alongside the prime minister were Syed Tariq Fatemi, the prime minister’s special assistant, Foreign Minister Muhammad Ishaq Dar, Minister of Commerce Jam Kamal Khan, and Minister of Defence Khawaja Asif.

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