UAE and Pakistan Sign Multibillion Dollar Investment Memorandums

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Today in Abu Dhabi, the President of the United Arab Emirates, Sheikh Mohamed bin Zayed Al Nahyan, had a bilateral discussion with the caretaker prime minister, Anwaar-ul-Haq Kakar. General Syed Asim Munir, the Chief of Army Staff, was also in attendance.


The two presidents were present when Memorandums of Understanding (MoUs) relating to investment cooperation in the areas of energy, banking and financial services, minerals, waste water treatment, port operations projects, food security, and logistics were signed between Pakistan and the United Arab Emirates.

These Memorandums of Understanding would enable multibillion-dollar investments into Pakistan from the United Arab Emirates and will support the realisation of several initiatives envisioned under the Special Investment Facilitation Council (SIFC). The prime minister referred to the signing of the Memorandums of Understanding as a historic occasion that will mark the beginning of a new chapter in the economic relationship between Pakistan and the United Arab Emirates.

The leaders emphasised the long-standing and strong brotherly connections that have existed between Pakistan and the United Arab Emirates. They underlined Pakistan and the UAE’s commitment to advancing their bilateral strategic cooperation and communication.

The prime minister conveyed his sincere appreciation for the UAE’s unwavering financial and economic assistance for Pakistan. 1.8 million Pakistanis live in the United Arab Emirates, which contributes to the advancement, prosperity, and economic growth of the two friendly nations.

The discussion also covered regional and international issues, with a focus on the worsening human rights and humanitarian conditions in the occupied Palestinian territory. The prime minister stated Pakistan’s support for a fair and long-lasting resolution to the Palestinian issue that is based on international law and compliant with pertinent decisions from the OIC and UN.

The Prime Minister reaffirmed Pakistan’s complete support for the UAE’s Presidency at COP 28, emphasising the significance of the occasion as a chance to make significant strides towards successful and outcome-driven international initiatives in crucial areas to lessen the impact of climate change, such as the creation of the Loss and Damage Fund.

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