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UAE Commits $3 Billion Investment in Pakistan’s Railways and Infrastructure

UAE Commits $3 Billion Investment in Pakistan's Railways and Infrastructure

Islamabad: Pakistan and the UAE have signed a $3bn investment agreement for collaboration in sectors including railways, economic zones, and infrastructure development.

The Pakistani government and a UAE-based company signed an agreement at the World Economic Forum in Davos, Switzerland.

During the ceremony to formalize the signing of the agreement, Shahid Ashraf Tarar, the Federal Minister for Communication, Railways, and Maritime Affairs, highlighted the extensive and esteemed presence of DP World, a company representing the Dubai Government in Pakistan. The Minister expressed his conviction regarding the partnership and trust between the two countries, underscoring their resolve to foster economic cooperation through significant projects.

In his statement, Sultan Ahmed bin Sulayem, Chairman of Ports, Customs and Free Zone Corporation of Dubai, made it clear that Pakistan is an important and rapidly growing market, and a vital trade passage to Central Asia. He expressed his immense satisfaction with the UAE’s role in boosting Pakistan’s trading capabilities, highlighting the Qasim International Container Terminal operations and numerous other projects. For the latest Real Estate News and Blogs, visit Realtorspk blogs.

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