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GCC Railway > UAE > UAE and Pakistan sign MoUs on gold mining, railways, and economic zone
UAE

UAE and Pakistan sign MoUs on gold mining, railways, and economic zone

February 27, 2025 5 Min Read
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UAE and Pakistan sign MoUs on gold mining, railways, and economic zone
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In Islamabad on Thursday, Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi, held official talks with Pakistan’s Prime Minister, Muhammad Shehbaz Sharif, on the Prime Minister’s Workplace.

Discussions centred on the enduring bilateral relations between the 2 international locations and emphasised the dedication of each nations and their management to discover avenues to additional improve bilateral relations and advance strategic partnerships throughout key financial and developmental sectors, Information.Az stories citing international media.

Throughout the assembly, Sheikh Khaled bin Mohamed bin Zayed underscored the significance of deepening UAE-Pakistan partnerships and capitalising on the substantial milestones achieved. He highlighted that the management of each nations share a unified imaginative and prescient, recognising financial and developmental collaboration as a cornerstone for driving sustainable development.

On behalf of President His Highness Sheikh Mohamed bin Zayed Al Nahyan, Sheikh Khaled arrived in Islamabad on Thursday, on an official go to.

Upon arrival at Nur Khan Air Base, Sheikh Khaled bin Mohamed was welcomed by Asif Ali Zardari, President of Pakistan; Muhammad Shehbaz Sharif, Pakistan Prime Minister of and plenty of senior officers.

Sheikh Khaled bin Mohamed reaffirmed that the UAE-Pakistan strategic partnership stands as a distinguished mannequin of impactful collaboration, driving progress throughout railway community growth, pure useful resource exploration and monetary sector investments. He highlighted that these efforts function highly effective enablers of sustainable financial development and strengthening commerce and funding exchanges between the 2 nations.

Upon arrival, an official reception ceremony was held, throughout which Muhammad Shehbaz Sharif escorted Sheikh Khaled bin Mohamed bin Zayed Al Nahyan to the ceremonial platform, the place the nationwide anthems of the UAE and Pakistan have been performed. Sheikh Khaled and Sharif reviewed the guard of honour lined as much as greet them.

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MoU signing

On the sidelines of the assembly, Sheikh Khaled and Sharif witnessed the signing of a number of Memoranda of Understanding (MoUs), cooperation agreements and strategic partnerships throughout numerous sectors.

Etihad Rail and Pakistan’s Ministry of Railways signed MoUs, with the goal of enhancing the operational effectivity of Pakistan’s current railway community, along with establishing a brand new railway community. This cooperation goals to strengthen connectivity throughout Pakistan, facilitate mobility and help the nation’s financial development.

Additionally, an settlement within the mining sector was signed between Worldwide Sources Holding (IRH), a subsidiary of 2PointZero which is a part of Worldwide Holding Firm (IHC), specialising in pure useful resource extraction, and Mari Energies, to ascertain a joint exploration mission for copper and gold within the Chagai district of Balochistan.

A dedication settlement was additionally signed between Eve Holding RCS, a subsidiary of 2PointZero, and First Ladies Financial institution Restricted (FWBL), underneath which Eve Holding RCS will purchase 82.64 per cent of the financial institution’s shares.

Lastly, an MoU was signed between AD Ports Group and the Pakistan Board of Funding to discover creating a Particular Financial Zone close to Karachi Port and Port Qasim to facilitate commerce and financial exercise within the area.

The assembly was attended by Sheikh Zayed bin Hamdan bin Zayed Al Nahyan, Chairman of 2PointZero, a subsidiary of the Worldwide Holding Firm (IHC); Sheikh Khalifa bin Tahnoon bin Mohammed Al Nahyan, Chairman of the Abu Dhabi Crown Prince’s Court docket; Ali Mohammed Hammad Al Shamsi, Secretary-Normal of the Supreme Council for Nationwide Safety; Mohamed Hassan Alsuwaidi, Minister of Funding; Saif Saeed Ghobash, Secretary-Normal of the Abu Dhabi Government Council; Maryam Eid Al Mheiri, Director-Normal of the Abu Dhabi Media Workplace; Ghanem Al Suwaidi, Director-Normal of Safety Affairs on the Supreme Council for Nationwide Safety; Hamad Obaid Alzaabi, Ambassador of the UAE to the Islamic Republic of Pakistan; Shadi Malak, CEO of Etihad Rail; Captain Mohamed Juma Al Shamisi, Managing Director and Group CEO of AD Ports Group; Syed Basar Shueb, CEO and Managing Director of Worldwide Holding Firm (IHC); and Ali Rashed Al Rashdi, CEO of Worldwide Sources Holding (IRH).

See also  UAE rail programme aims to generate $54bn benefits

Information.Az

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