UAE president commits $10bn investment in Pakistan

Abu Dhabi: Prime Minister of Pakistan Muhammad Shehbaz Sharif held a bilateral meeting with Sheikh Mohamed bin Zayed Al Nahyan in Abu Dhabi today. 

Prime Minister was accompanied by the Deputy Prime Minister/Foreign Minister Muhammad Ishaq Dar, Minister for Commerce Jam Kamal Khan, Minister for Defence Khawaja Muhammad Asif and Special Assistant to Prime Minister Syed Tariq Fatemi. 

The Prime Minister offered condolences on the passing away of close family members of Al Nahyan family, late Sheikh Tahnoun bin Mohamed Al Nahyan and late Sheikh Hazza bin Sultan Al Nahyan.

The meeting provided an opportunity to discuss whole gamut of bilateral relations including cooperation in political, economic, social, cultural and defence sectors. Prime Minister underscored the importance of galvanizing existing cooperation and strengthening strategic partnership including in the field of information technology, renewable energy and tourism.  

Prime Minister highlighted steps taken by the government aimed at ensuring socio-economic stability in the country and building investors’ confidence. He reiterated Pakistan’s commitment to ensure meaningful implementation of investment cooperation agreements in the areas of Energy, Port Operations Projects, Wastewater Treatment, Food Security, Logistics, Minerals, and Banking & Financial Services. 

President of the UAE Mohamed bin Zayed Al Nahyan assured UAE’s support in all circumstances and made commitment of investing $10 billion in multiple sectors in Pakistan.

Prime Minister conveyed gratitude to the UAE leadership for hosting 1.8 million Pakistani diaspora and highlighted Pakistan’s huge human resource potential that could be engaged in multiple sectors. 

Both leaders exchanged views on other issues of mutual interest including regional and global developments. The Prime Minister reiterated his invitation to the UAE President for  an official visit to Pakistan. The UAE President accepted the invitation.