UAE companies willing to make investment: envoy

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The Ambassador of UAE, Hamad Obaid Ibrahim Salem Al-zabi, in a meeting with Punjab Chief Minister Sardar Usman Buzdar on Wednesday said the United Arab Emirates companies are interested for making investment in Pakistan. “We want to invest in special economic zones in water projects, energy and other sectors,” the ambassador said. “Prime Minister Imran Khan’s visit to the UAE has helped to further strengthen the bilateral cooperation and these relations will be transformed into strong economic ties with mutual efforts.”

During the meeting, various matters including promotion of Pakistan-UAE relations came under discussion and it was agreed to strengthen and promote economic ties and investment. The proposal of setting up the Pakistan-UAE Business Council also came under discussion. It was further decided to increase the close ties to enhance the investment. The CM invited the UAE investors to invest in special economic zones.

Also Read: Investor delegations from China, UAE to arrive soon

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“Investors are given special incentives in Punjab and United Arab Emirates investment companies will be fully welcomed,” he said. He appreciated UAE’s cooperation in the development of the country adding that this collaboration is highly valued.

“We want to further strengthen the mutual ties in various sectors including trade, investment, energy, water projects, culture and tourism,” he said. “Time has come to transform the Pakistan-UAE relations into strong economic ties and exchange of business-to-business delegations is necessary in this regard.”

Hamad Obaid Ibrahim Salem Al-zabi said they would welcome the Punjab CM to the UAE, adding that Pakistan is our second home and bilateral relations will be further strengthened. Moreover, the Punjab CM in a high-level meeting reviewed progress on development projects and public welfare schemes in detail.

Addressing the meeting, Sardar Usman said a comprehensive strategy has been devised to develop far-flung and backward areas of the province. The government’s development program depicts equal development vision and the backward areas will also be made developed and prosperous because durable development helps to improve the quality of life of the common man. He said that timely completion of development schemes will help to benefit the general public. Chairman P&D, Secretaries of Finance, Communication &Works, P&D departments as well as high officials were also present on the occasion.

(This news/article originally appeared in Business Recorder on December 6th, 2018)

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