UAE Commits Over USD 3 Billion for Railways and Infrastructure Development in Pakistan
Islamabad: Pakistan and the United Arab Emirates (UAE) have officially sealed an investment agreement exceeding USD 3 billion, as reported by news sources on January 19. The comprehensive pact covers collaboration in key sectors such as railways, economic zones, and infrastructure development.
The agreement was signed between the governments of Pakistan and a UAE-based company during the World Economic Forum held in Davos, Switzerland.
Shahid Ashraf Tarar, the Minister of Railways and Federal Minister for Communication, Railways, and Maritime Affairs, spoke at the signing ceremony, emphasizing the longstanding and proud presence of DP World, representing the Dubai Government, in Pakistan. He expressed confidence in the partnership and trust between the two countries, highlighting their decision to enhance economic cooperation through significant projects.
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