Islamabad: Minister for Shipping Syed Ali Haider Zaidi on Monday revealed that the United Arab Emirates’ (UAE) leadership had expressed an interest in investing in Pakistan’s seaport projects, a news source reported. In this regard, a delegation from the UAE held a meeting with the minister recently.
China-Pakistan Economic Corridor (CPEC) Chairman Asim Saleem Bajwa also attended the meeting. The members of the session discussed the prospects of the UAE investing in Pakistan’s development projects. They particularly discussed investment opportunities in the ventures being developed at the country’s seaport.
According to the details available, Managing Director of DP World Mohammad Al-Muallem headed the visiting delegation from the UAE. DP World is considered to be a Dubai port and logistics giant in the UAE. It is a multinational company that specialises in cargo logistics, maritime services, free trade zones, and port terminal operations.
Earlier this year, the UAE had also announced its decision to provide financial assistance to the Prime Minister (PM)’s Kamyab Jawan Programme. As per the details, the UAE decided to issue USD 200 million for this purpose.
