Prime Minister encourages DP World's investment growth in Pakistan

January 18, 2024 (MLN): The Caretaker Prime Minister, Anwaar-ul-Haq Kakar, welcomed DP World’s interest in expanding its business in Pakistan and assured the UAE-based company of the government’s continued support.

According to a press release issued today, the prime minister held a meeting with Sultan Ahmed bin Sulayem, Group Chairman and CEO of DP World, a multinational logistics company on the sidelines of the 54th annual meeting of the World Economic Forum in Davos.

The Prime Minister expressed satisfaction at the growth of exchanges, interaction, and cooperation between businesses in Pakistan and UAE and highlighted their transformative potential.

"Pakistan would continue to facilitate partner enterprises to realize its geo-economic vision as a hub of commerce and industry," he added.

Following the meeting, the Prime Minister witnessed the signing of Inter-Governmental Framework Agreements between the Ministries of Communications, Railways and Maritime Affairs of Pakistan and the Government of Dubai, represented by DP World.

The Agreements cover potential opportunities in Pakistan for the development of a dedicated freight corridor, multi-modal logistics park, and rail freight terminals on Pakistan’s railway network, as well as, inter alia, the development of coastal economic zone and dredging works of navigation channels at Port Qasim.

Copyright Mettis Link News