Manufacturing UAE to invest $1b in Pakistan’s economic, investment sectors By Pramod Kumar August 6, 2022, 7:41 AM Creative Commons The UAE's move aims to explore new investment opportunities and areas for cooperation in projects across various sectors in Pakistan The UAE plans to invest $1 billion in Pakistani companies across various economic and investment sectors, UAE state-owned news agency WAM reported, citing an official source in Abu Dhabi. The move aims to explore new investment opportunities in projects across various sectors and expand bilateral economic relations. Additionally, it emphasises the keenness of the UAE and Pakistan to continue cooperation in various fields, including gas, energy infrastructure, renewable energy, health care, biotechnology, agricultural technology, logistics, digital communications, e-commerce and financial services. In March, leaders of the UAE and Pakistan reaffirmed earlier commitments made by the two countries to boost bilateral trade. According to the United Nations’ Comtrade database on international trade, Pakistan’s imports from the UAE stood at £5.9 billion ($7.12 billion) in 2021. However, there is currently no formal free trade agreement between the two nations. Register now: It’s easy and free AGBI registered members can access even more of our unique analysis and perspective on business and economics in the Middle East. Why sign uP Exclusive weekly email from our editor-in-chief Personalised weekly emails for your preferred industry sectors Read and download our insight packed white papers Access to our mobile app Prioritised access to live events Register for free Already registered? Sign in I’ll register later
