UAE expresses desire to expand investment in Pakistan

The United Arab Emirates has shown keen desire to further expand investment in Pakistan in shipping, ports efficiency enhancement, logistics and digitization of customs.

This interest was expressed by UAE Minister of State for Foreign Trade Dr. Thani bin Ahmed Al Zeyoudi, who called on Prime Minister Shehbaz Sharif, while leading a delegation of his country’s investors, in Islamabad today.

Welcoming the delegation, the Prime Minister expressed gratitude and thanks to UAE President Sheikh Mohamed bin Zayed and UAE Prime Minister Mohammed bin Rashid Al Maktoum for their steadfast support to Pakistan. He underlined that the fraternal Pakistan and UAE ties are rooted in shared history and culture.

Shehbaz Sharif highlighted the comprehensive economic partnership between the two nations across sectors such as trade, energy, and investment, which has contributed to growth and prosperity in both countries.

The Prime Minister highlighted that the visit demonstrates the commitment of the Government of UAE to further enhance its investment footprint in Pakistan. He underscored that the investments by the brotherly country UAE would play a crucial role in boosting Pakistan’s economy.

Besides, the Prime Minister witnessed the exchange of four Memorandums of Understanding relating to Ministries of Maritime Affairs, Aviation, Railways and Federal Board of Revenue with Abu Dhabi Ports Group. As per these MoUs, Pakistan and AD Ports Group would explore potential collaboration in customs, rail, airport infrastructure and maritime shipping and logistics sectors. These MoUs are aimed at improving digital customs controls, developing dedicated freight rail corridors, upgrading Pakistan’s maritime fleet and marine services, as well as Pakistan’s international airports.

The UAE delegation also included Chairman of Kaheel Group Sheikh Ahmed Dalmook Al Maktoum, Managing Director and Group Chief Executive Officer of  Abu Dhabi Ports Group Capt. Mohamed Al Shamisi, UAE Ambassador to Pakistan Hamad Obaid Ibrahim Salem Al-Zaabi and senior officials of the AD Ports.

The Pakistan delegation included Deputy Prime Minister and Foreign Minister Mohammad Ishaq Dar, Defence Minister Khawaja Muhammad Asif, Commerce Minister Jam Kamal Khan, Finance Minister Muhammad Aurangzeb, Minister for Maritime Affairs Qaiser Ahmed Sheikh, SAPM Tariq Fatemi and senior government officials.