(MENAFN) State news agency Wam stated that the UAE prepares to finance USD1 billion in Pakistani firms in numerous financial industries as it seeks to grow its investments in the South Asian country.
The action targets to discover additional investment chances and sectors for collaboration in ventures through are and is going to further grow mutual financial relations of the two nations, Wam mentioned on Friday, ascribing the information to an official source in Abu Dhabi.
In line with the news agency report, the UAE’s new investment strategies mark the passion of the UAE and Pakistan to sustain collaboration in “various fields”, such as gas, energy infrastructure, renewable energy, health care, biotechnology, agricultural technology, logistics, digital communications, e-commerce as well as financial services.
The UAE, the Arab world's second-biggest economy is driven to the growth of mutual exchange and investment ties with the nations through continents.
UAE state-possessed firms and government entities have multi-billion dollar strategies to finance in Egypt as well as Jordan in the Middle East while in Asia they are targeting India and Indonesia.
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