ISLAMABAD - UAE Ambassador to Pakistan Essa Abdullah Al Basha Al Nuaimi has said close communication and coordination between government officials, businessmen and investors would pave the way for exploring more investment opportunities and propelling economic relations to the level of political and diplomatic bonds. Addressing a gathering of CEOs and representatives of UAE investment in Pakistan on Monday, Al Nuaimi said current bilateral trade between the two countries stand at $7.6 billion, while 27 companies are operating in various sectors including telecommunications and aviation. The volume of the business in joint venture is $21 billion.
“The UAE firmly believes in the principles of importance of strengthening economic coordination with Pakistan as the later presents suitable environment ready for investment. The fruit of this interest was holding the conference on ‘promotion investment in Pakistan’ in March 2010. The UAE Expo Magnificent 7 held in Karachi and it was honoured and inaugurated by Prime Minister Syed Yusuf Raza Gilani while the UAE delegation was led by Shaikha Lubna Al Qasimi, the UAE Minister of Foreign Trade.”
The UAE diplomat indicated that the UAE investment cover all sectors such as aviation, navigation, banks, real estate and energy.
The banking sector actively contributes in developing the Pakistani society while the real estate and energy sectors also have an effective role.
He described the UAE-Pakistan relationship as model one, thanks to agreements and memoranda of understanding.
