UAE President commits $10bn investment in Pakistan

ABU DHABI: United Arab Emirates (UAE) President Sheikh Mohamed bin Zayed Al Nahyan on Thursday assured his country’s full support to Pakistan in all circumstances, pledging to invest $10 billion in multiple sectors.
The UAE President made the commitment during a bilateral meeting with Prime Minister Shehbaz Sharif in Abu Dhabi.
The meeting provided an opportunity to discuss the whole gamut of bilateral relations, including cooperation in political, economic, social, cultural and defence sectors, the official news agency reported.
The prime minister underscored the importance of galvanising existing cooperation and strengthening strategic partnership including in the fields of information technology, renewable energy and tourism.
He highlighted the steps taken by the government aimed at ensuring socio-economic stability in the country and building the investors’ confidence.
He reiterated Pakistan’s commitment to ensure meaningful implementation of investment cooperation agreements in the areas of energy, port operations projects, waste water treatment, food security, logistics, minerals, and banking & financial services.
PM Shehbaz expressed 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, which was accepted by the latter.
PM Shehbaz was accompanied by Deputy Prime Minister and Foreign Minister 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 also 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.