Musharraf Wants More UAE Investment

Author: 
Azhar Masood, Arab News
Publication Date: 
Fri, 2007-01-19 03:00

ISLAMABAD, 19 January 2007 — Crown Prince of Abu Dhabi and Deputy Supreme Commander of the Armed Forces of the United Arab Emirates Sheikh Mohammad Bin Zayed Al-Nahayan held talks with President Gen. Pervez Musharraf and Prime Minister Shaukat Aziz yesterday.

The crown prince, who arrived here on a two-day visit yesterday, discussed with President Musharraf regional and bilateral issues. President Musharraf apprised Sheikh Mohammad of the investment opportunities existing in the country. He said Pakistan’s policies were investment friendly and urged UAE entrepreneurs to invest in the country in real estate, hotel industry, joint defense projects and ports and shipping. UAE is one of the biggest investors in Pakistan.

UAE’s Etisalat has major stakes in Pakistan’s Telecom company.

Prime Minister Shaukat Aziz hosted a dinner in honor of the visiting crown prince. Another important dignitary from the UAE, Sheikh Hamdan Bin Rashid Al-Maktoum, also arrived in the central city of Bahawalpur.

He will open an international airport in Bahawalpur which has been funded by him.

Meanwhile, Air Arabia yesterday announced the start of operations between Sharjah and Pakistan, which becomes 21st country the low-cost carrier is flying to. Flight schedules will include Karachi and Peshawar.

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