UAE sets $100 billion investment target

[Neo]

UAE sets $100 billion investment target ​

ISLAMABAD (March 27 2008): The UAE envoy in Islamabad Ali Mohammed Al-Shamsi said on Wednesday that the Emirates has set the target of $100 billion investment in Pakistan. He, in a statement, said that his country wants stability and progress in Pakistan and assures its full co-operation for building strong economic and trade partnership for the mutual benefit of both the countries.

The envoy said that Pakistan's promising market and its potentials under conducive environment would encourage the UAE companies both public and private for investment target of $100 billion in Pakistan. The UAE investment, at present, stands at $20 billion with assets and projects for Karachi to the tune of $50 billion.

"This is a clear message which indicates the determination and will of the UAE to build a unique economic partnership between the two brotherly countries," said Al-Shamsi, in a statement.

He said the leaders of the United Arab Emirates have expressed their desire to upscale the political and economic relations to the highest level while extending their congratulations to Syed Yousef Raza Gillani on his election as prime minister wishing him success in his new assignment.

Business Recorder [Pakistan's First Financial Daily]

 

[EagleEyes]

Thats a pretty large investment. Good stuff.

 

[PakForce Unlimited]

Good, thats a large amount! I hope Pakistan and foreign nations also can invest in the education system beside the economical sector! We need more competent and more literate people in the future who is going to operate and maintain the growing economy!

 

[Neo]

Thats a pretty large investment. Good stuff.

Yes its huge!

Experts believe that once stability returns to Pakistan $8-10 billion in FDI will flow in annually from GEC only with UAE, Qatar and Bahrein to become the largest investors followed by KSA and Kuwait.

UAE and Qatar have made significan progress in converting their petro-chemical based economy into more diverse capital oriented markets.
Pakistan, Malaysia and Turkey are tippied to become largest recepients of GEC's capital, proven safe heavens for arab money

ME finally has come to realise that helping Pakistan would result in regional growth with very luctrative returns for themselves.

 

[EagleEyes]

Yes, indeed. Not to mention the influential clout Pakistan can provide to these countries once it has fully developed economy. I hope not a single penny less is invested in $100 billion.

 

[JK!]

Fantastic news for Pakistan though it could also mean $10 billion for Asif Ali Zardari.

 

[araz]

We desperately need a stable and riot free environment for investment to flow in. At the moment apart from the red tape, the thing holding us back is the lack of stable conditions for money to flow in. It is a n interesting time in many ways not just for Pakistan but for the whole region, as the money starts to flowin , we will find a lot of expatriates coming back. this will bring back the brain that has been drained out of the system for many a decades. However, economic investment requires political and general stability which we have lacked for many a moons---or even suns!!!!! We need a stable Government , and a good law and order situation for this to happen. I sincerely hope we can achieve this.INSHa ALLAH
Araz

 

[JK!]

we will find a lot of expatriates coming back.

I have two years left of university in the UK and hopefully I will come to work in Pakistan.