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Islamabad:
UAE Ambassador Hamad Obaid Ibrahim Salem Al-Zaabi said the United Arab Emirates (UAE) is an emerging hub of trade and investment activity, aiming to attract US$150 billion in foreign investment by 2030, providing trade and business avenues for Pakistani investors.
The UAE and Pakistan will celebrate the 50th anniversary of their unique brotherhood in 2022, which should be transformed into growing trade and economic partnership.
He noted that the UAE is connected to more than 250 cities around the world and that investment in the Gulf emirate will enable Pakistani investors to boost exports to many parts of the world.
At the event, Ahmed Mohamed Aljnaibi, Economic Advisor of the UAE Ministry of Foreign Affairs and International Cooperation, gave a detailed introduction to the business community on the topic of “Investing in the UAE”.
“The UAE is an ideal investment destination as its low tax environment opens up new opportunities to inject capital on the mainland and free zones,” he said.
He highlighted transportation, warehousing and construction, agriculture, industrial manufacturing, renewable energy, hospitality, information and communication technology, professional, scientific and technical activities, administrative and support services, educational activities, healthcare and arts and entertainment as investments potential areas. United Arab Emirates.
ICCI Chairman Muhammad Shakeel Munir said: “The UAE has become one of Pakistan’s major trading partners and we hope to further strengthen our ties with it.”
He pointed out that bilateral trade between Pakistan and the UAE has crossed the $10 billion mark in 2021-22 and can be further strengthened with the vigorous efforts of both sides.
Pakistan’s exports to the UAE include garments, meat, grains, other food products, agricultural products, fruits and vegetables. “There is also great export potential for many other Pakistani products, including financial and software-related products, mangoes, oranges, kinnuo and rice.”
Posted in the Express Tribune, September 24th2022.
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