The United Arab Emirates has expressed its interest to invest in development projects in Pakistan.
The interest was shown by a UAE delegation headed by the Managing Director of a UAE company (DP World) Mohammed Al-Muallem that called on Minister for Shipping Syed Ali Haider Zaidi in Islamabad.
Chairman China Pakistan Economic Corridor, Lieutenant General (Retired) Asim Saleem Bajwa was also present during the meeting, reported Radio Pakistan.
Federal Minister for Maritime Affairs Ali Zaidi and Al-Muallem discussed the prospects of UAE investing in Pakistan.
Without giving any details, the minister said that the delegation told us that Dubai’s leadership is keen to invest in Pakistan’s development projects.
وفاقی وزیر بحری امور، علی زیدی سے متحدہ عرب امارات کے وفد کی ملاقات
ملاقات میں دبئی کی پاکستان میں سرمایہ کاری پر تفصیلی گفتگو
وفد نے آگاہ کیا کہ دبئی کی قیادت پاکستان میں ترقیاتی منصوبوں میں سرمایہ کاری میں گہری دلچسپی رکھتی ہے۔ pic.twitter.com/ATwvTCXnlC
— Ali Zaidi News (@AliZaidiNews) August 10, 2020
The meeting discussed investment in seaport projects in Pakistan.
Dubai port and logistics giant DP World is an Emirati multinational logistics company. It specializes in cargo logistics, port terminal operations, maritime services, and free trade zones.
Back in February, DP World announced that it would return to full state ownership and delist from the Nasdaq Dubai, in a deal worth $2.7 billion.
State-owned parent company Port and Free Zone World had offered to acquire the 19.55 percent of DP World’s shares currently traded on the Nasdaq Dubai stock exchange.