monitor
ELITE MEMBER
- Apr 24, 2007
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#Pakistan hopes to attract as much as $30 billion of investment from #SaudiArabia and the #UAE in February to help boost its fragile economy and create job opportunities, UAE-based newspaper reported.
“We are going to sign investment agreements of up to $20bn with Saudi Arabia and $10bn with the UAE in the next couple of weeks,” Haroon Sharif, the chairman of Pakistan’s Board of Investment, told The National. “All the required paper work for the deals has been completed with mutual consent of relevant officials of the kingdom and the UAE.”
Countries from the Arabian Gulf will be investing in the fields of renewable energy, mining, petrochemicals, real estate and agriculture, besides setting up two separate oil refineries – one each by the Saudi Arabia and the UAE – worth $10bn and $6bn, respectively. The cash-strapped Islamic nation expects to sign the agreements during Saudi Crown Prince Mohammed Bin Salman’s visit to Islamabad next month. The UAE’s investment will also materialise next month, Pakistani officials said.
Dunya news
6060
3
“We are going to sign investment agreements of up to $20bn with Saudi Arabia and $10bn with the UAE in the next couple of weeks,” Haroon Sharif, the chairman of Pakistan’s Board of Investment, told The National. “All the required paper work for the deals has been completed with mutual consent of relevant officials of the kingdom and the UAE.”
Countries from the Arabian Gulf will be investing in the fields of renewable energy, mining, petrochemicals, real estate and agriculture, besides setting up two separate oil refineries – one each by the Saudi Arabia and the UAE – worth $10bn and $6bn, respectively. The cash-strapped Islamic nation expects to sign the agreements during Saudi Crown Prince Mohammed Bin Salman’s visit to Islamabad next month. The UAE’s investment will also materialise next month, Pakistani officials said.
Dunya news
6060
3
