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Saturday, June 3, 2023

Renewable energy sector: Prime Minister urges UAE companies to invest

ISLAMABAD: Prime Minister Sheikh Baz Sharif on Friday invited United Arab Emirates-based company Hayat Bio-Tech to invest in Pakistan’s renewable energy sector, assuring that the government will provide all possible facilitation in this regard.

The prime minister expressed his appreciation for Hayat Bio-Tech’s investment when meeting a delegation led by Sheikh Ahmed Dalmook al Maktoum, Chairman of Hayat Bio-Tech and the UAE’s ruling family The strong interest from the Pakistani pharmaceutical industry is welcomed, especially in vaccine manufacturing.

Pakistan welcomes investment from UAE: Dar

Welcoming the delegation, Prime Minister Sheikh Baz said the fraternal relationship between Pakistan and the UAE is deeply rooted in history. He stressed that Pakistan attaches great importance to further expanding its fraternal relationship with the UAE in multiple fields, including trade and investment.

Sheikh Ahmed Darmouk Al Maktoum said they are aware of Pakistan’s huge investment potential and the UAE looks forward to further expanding its footprint in the energy and health sectors. He expressed a strong desire to further expand the UAE’s investment portfolio in Pakistan. He also briefed the prime minister on the 1,200 MW power plant project they are working on with the Sindh provincial government, which will be a hybrid solar and wind power plant.

Union Finance Minister Mohammad Ishaq Dar, National Health Services Minister Abdul Kadir Patel, Special Assistant to the Prime Minister Tarek Fatemi, and senior officials from relevant government departments were also present.

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