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UAE to Invest $10 Billion in Promising Economic Sectors in Pakistan

admin-augaf by admin-augaf
May 23, 2024
in Business, Finance, International, News, Politics
Reading Time: 2 mins read
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UAE to Invest $10 Billion in Promising Economic Sectors in Pakistan
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Abu Dhabi May 23 2024: The United Arab Emirates has announced the allocation of $10 billion for investment in promising economic sectors in the Islamic Republic of Pakistan.

The announcement came following talks held today by President His Highness Sheikh Mohamed bin Zayed Al Nahyan, with Muhammad Shehbaz Sharif, Prime Minister of the Islamic Republic of Pakistan, in Abu Dhabi to strengthen the Pakistani economy, support it, and enhance cooperation between the two countries.

Earlier, President His Highness Sheikh Mohamed bin Zayed Al Nahyan today received Muhammad Shehbaz Sharif, Prime Minister of the Islamic Republic of Pakistan, who is on a working visit to the UAE.

During the meeting at Qasr Al Shati, His Highness Sheikh Mohamed and Prime Minister Sharif discussed opportunities to develop cooperation in various priority sectors, particularly economy, trade, and development, to serve common interests and enhance both countries’ vision of sustainable economic development and prosperity.

The Prime Minister of Pakistan affirmed his country’s commitment to bolstering its ties with the UAE and expanding their cooperation in economy, trade and investment, as well as benefiting from the UAE’s inspiring development journey.

The meeting was attended by H.H. Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi; H.H. Sheikh Hamdan bin Zayed Al Nahyan, Ruler’s Representative in Al Dhafra Region; H.H. Sheikh Hamdan bin Mohamed bin Zayed Al Nahyan; Sheikh Mohammed bin Hamad bin Tahnoun Al Nahyan, Advisor for Special Affairs at the Presidential Court; Ali bin Hammad Al Shamsi, Secretary-General of the Supreme Council for National Security; Mohamed Mubarak Fadhel Al Mazrouei, Minister of State for Defence Affairs; Sheikh Abdulla bin Mohammed bin Butti Al Hamed, Chairman of the National Media Office, and a number of officials.

Tags: FDIGDP GrowthInvestmentUAE
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