Islamabad, Pakistan and Dubai have entered into a significant investment agreement, surpassing three billion dollars, aimed at enhancing cooperation in railways, economic zones, and infrastructure development.

According to Ministry of Information and Broadcasting, the agreement was signed on the sidelines of the World Economic Forum in Davos, Switzerland. Representing Pakistan, Federal Minister for Communication, Railways and Maritime Affairs, Shahid Ashraf Tarar, and Sultan Ahmed bin Sulayem, Chairman of Ports, Customs and Free Zone Corporation of Dubai, signed the document on behalf of their respective governments.

During the event, Shahid Ashraf Tarar emphasized the longstanding presence of DP World, the company acting on behalf of the Dubai Government, in Pakistan. He noted that the agreement is a testament to the strong trust and partnership between Pakistan and Dubai, with an aim to further consolidate economic cooperation through significant projects.

Sultan Ahmed bin Sulayem highlighted Pakistan as a growing market and a vital trade corridor to Central Asia. He expressed pride in contributing to Pakistan’s trading capabilities, particularly through operations at Qasim International Container Terminal and other projects.