UAE to invest in Pakistan

LAHORE: UAE investors plan on investing in different sectors of Pakistan, including cement and steel, according to Faisal Mohammad Abdul Karim Al Zarooni, the chairman of the Zarooni Group of Companies, while interacting with members of the Lahore Chamber of Commerce and Industry.

“There is no doubt that UAE and Pakistan enjoy excellent relations between them, with ties of religion, history and culture,” said Zarooni. “There is deep cooperation between the two countries in all fields, especially economic and trade sectors.”

He further added that UAE is the second-largest investor in various sectors of Pakistan, including banking and real estate, energy, infrastructure, telecommunications, ports, housing and aviation. Furthermore, raw material imports are cheaper from Pakistan than China, therefore the UAE investors give preference to Pakistan.