ISLAMABAD: Abu Dhabi’s Crown Prince Sheikh Khaled bin Mohamed bin Zayed Al Nahyan will visit Pakistan on Thursday to boost economic ties and investment cooperation between the United Arab Emirates and Pakistan, state-run media reported.
The UAE is Pakistan’s third-largest trading partner after China and the United States, and a major source of foreign investment valued at over $10 billion in the last 20 years, according to the Gulf country’s foreign ministry.
Sheikh Al Nayhan will arrive on his first official visit to Pakistan with a high-level delegation comprising ministers, senior officials and business leaders at Prime Minister Shehbaz Sharif’s invitation, the Associated Press of Pakistan (APP) said.
“This visit underscores the deep-rooted fraternal ties between Pakistan and the United Arab Emirates (UAE) and reflects the shared commitment to further strengthen bilateral economic partnership,” APP quoted Pakistan’s foreign office spokesperson as saying.
It said the crown prince will engage in wide-ranging interactions with the Pakistani leadership to “exchange views on matters of mutual interest, reinforce historical bonds and promote economic as well as investment cooperation.”
“Several agreements and Memorandums of Understandings will be signed during the visit to bolster existing robust framework for long-term collaboration in multifaceted sectors,” APP said.
The agreements are expected to open new opportunities for joint ventures and projects aimed at furthering economic cooperation between both countries, the state-run media said.
Pakistan and UAE have stepped up efforts in recent years to strengthen their economic relations. In Jan. 2024, Pakistan and the UAE signed multiple agreements worth more than $3 billion for cooperation in railways, economic zones and infrastructure.
The crown prince’s visit comes as Pakistan pursues economic diplomacy with several Central Asian and Gulf nations while treading a tricky path to economic recovery since avoiding a sovereign default in June 2023.
Policymakers in Pakistan consider the UAE an optimal export destination due to its geographical proximity, which minimizes transportation and freight costs while facilitating commercial transactions.
It is also home to more than a million Pakistani expatriates, making it the second-largest Pakistani expatriate community worldwide and a major source of foreign workers’ remittances for Pakistan.
Abu Dhabi crown prince to visit Pakistan on Thursday to boost investment cooperation
https://arab.news/vptka
Abu Dhabi crown prince to visit Pakistan on Thursday to boost investment cooperation

- Sheikh Khaled bin Mohamed bin Zayed Al Nahyan to arrive with delegation comprising ministers, officials, businesspersons
- Both sides to sign several memorandums of understanding for long-term collaboration in multifaceted sectors