UAE to invest $1 billion in Pakistani companies

Friday, 5 August 2022 19:02

The UAE plans to invest $1 billion in Pakistani companies operating across various economic sectors.

According to the Emirates News Agency (WAM), an official source in Abu Dhabi has emphasised the UAE's intention to invest in the South Asian nation.

It's part of efforts to explore new investment opportunities and areas for cooperation.

The latest move also confirms the UAE's keenness to continue cooperation in various fields, which include gas, energy infrastructure, renewable energy, health care, biotechnology, agricultural technology, logistics, digital communications, e-commerce and financial services.

#UAE to invest $1 billion in Pakistani companies across various economic, investment sectors#WamNews https://t.co/rxl3W94OAo pic.twitter.com/I6csigcqW8
— WAM English (@WAMNEWS_ENG) August 5, 2022

More from Business News

ADNOC, Gecko Robotics sign deals to accelerate AI, robotics, skills training

ADNOC and Gecko Robotics have expanded their strategic partnership with three new agreements to explore deploying robotics and artificial intelligence (AI) across ADNOC’s operations and boosting future skills training for UAE nationals.
ADIPEC 2025 kicks off in Abu Dhabi with record global presence

ADIPEC 2025 has kicked off on Monday at ADNEC Centre Abu Dhabi, bringing together leading figures from the global energy sector.
Maktoum bin Mohammed chairs Board meeting of Federal Tax Authority

His Highness Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, First Deputy Ruler of Dubai, Deputy Prime Minister and Minister of Finance of the UAE, and Chairman of the Board of the Federal Tax Authority (FTA), chaired the latest FTA Board meeting, during which he reviewed development projects.
UAE’s first AI-designed business complex launched in Sharjah

Al Marwan Developments has launched its pioneering project, “District 11”, the UAE’s first smart work resort designed using artificial intelligence, setting a new benchmark for urban innovation and economic vitality in Sharjah and the wider UAE.

On Virgin Radio today

Non Stop Hits
Midnight - 6:00am

The UAE's #1 Hit Music Station with no interruptions
The Kris Fade Show
6:00am - 10:00am

Kris, Priti and Rossi host the UAE's biggest radio show. It's full of fun, laughs and it's Where The Stars Live.

Trending on Virgin Radio

If Craig David had a verse on Azizam
The legendary Craig David joins The Kris Fade Show for an unforgettable chat!
Ed Sheeran - UAE EXCLUSIVE
Latest album, what happened with BTS, raising a baby girl, eye surgery, and more!
Untold Dubai
It arrived: The UAE's First Mega Music Festival at Expo City Dubai!
Bassem Youssef
One of the most talked about comedians in the world takes over The Kris Fade Show. Watch the full interview here...