Pakistanis estimated to have investments worth Rs.190 billion in UAE estate sector: APP

DUBAI, UAE, March 28 (APP) ‑ Pakistani businessmen have invested about Rs. 190 billion or more than 8.7 billion dirhams in the real estate sector of United Arab Emirates (UAE).

This was stated by the president of Pak UAE Business Council Dubai Iskandar Sultan while welcoming the visiting delegation of FPCCI here at a dinner on Friday.

Pakistani Ambassador in UAE Khursheed Junejo and leading Pakistani businessmen in the Emirates were also present on the occasion.

He said that Pakistan has become the top third investor in the UAE real estate sector.

He said that more than 6000 Pakistani companies were operating in the Emirates and was greatly contributing to its booming economy.

Leader of the Pakistani delegation Dr. Mirza Ikhtiar Baig on the occasion invited Pakistani companies to invest in Pakistan’s agriculture, dairy farming, energy, telecommunication sectors alongwith textile city and other projects that offer high return on investment.

Earlier, in the day, Pakistani delegation visited Sharjah Chamber of Commerce and Industry and invited investment from UAE businessmen in infrastructure, alternate energy and agriculture.

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