UAE-Based Emaar Group Interested to Invest in Pakistan

A United Arab Emirates (UAE) based group has expressed its interest to invest in different sectors of the economy in Pakistan.

The expression of interest came on Friday during a meeting of Minister for Ports and Shipping Ali Zaidi with the UAE-based Emaar Group’s chairman.

During the meeting, Chairman Board of Investment Haroon Sharif was also present. Haroon Sharif shared with Emaar’s chief ideas and opportunities to invest in different sectors in Pakistan.

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Sources said that during the meeting, Emaar’s Chairman showed interest to invest in Pakistan.

In October this year, Emaar had offered to invest in the government’s five-million housing scheme to provide housing units to low and middle-income families.

A UAE delegation including Emaar representatives had held a meeting with Federal Minister for Housing and Works Tariq Bashir Cheema. During the meeting, the company’s representatives had made the offer.

The UAE delegation had visited Pakistan under the auspices of Abu Dhabi’s Crown Prince Mohammed bin Zayed to discuss mutually beneficial projects the countries could work on together.

Sources said that during Friday’s meeting investments opportunities in Pakistan apart from the housing sector were discussed. The BoI chairperson briefed the Emaar Chairman about the investment opportunities and climate in the country.