Abu Dhabi: Pakistan and the UAE have signed a landmark $10 billion investment agreement — approximately Dh36.7 billion — to support the development of high-potential economic sectors in Pakistan, the UAE Ministry of Investment confirmed.
The agreement was concluded on Thursday, shortly after a summit between His Highness Sheikh Mohamed Bin Zayed Al Nahyan, President of the UAE, and Shehbaz Sharif, Prime Minister of Pakistan.
Summit at Qasr Al Shati
The meeting, held at Qasr Al Shati in Abu Dhabi, focused on advancing bilateral cooperation across priority areas including economy, trade, and development — fields that reflect both countries' shared vision of sustainable economic growth and prosperity.
Sheikh Mohamed and PM Sharif discussed concrete steps to strengthen ties for mutual benefit. Senior UAE officials in attendance included Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi; Sheikh Hamdan bin Zayed Al Nahyan, Ruler's Representative in Al Dhafra Region; Sheikh Hamdan bin Mohamed bin Zayed Al Nahyan; Sheikh Mohammed bin Hamad bin Tahnoun Al Nahyan, Advisor for Special Affairs at the Presidential Court; and Ali bin Hammad Al Shamsi, Secretary-General of the Supreme Council for National Security.
Pakistan PM's First Official Visit to UAE
Earlier on Thursday, Prime Minister Shehbaz Sharif arrived in Abu Dhabi on a one-day official visit — his first trip to the UAE since assuming office in 2024. He was received at Al Bateen Executive Airport by Vice President and Prime Minister of the UAE Sheikh Mohammed Bin Rashid Al Maktoum, Deputy Prime Minister Sheikh Mansour Bin Zayed Al Nahyan, and a number of senior officials, according to state news agency WAM.
Sharif was accompanied by key cabinet members, including Deputy Prime Minister and Foreign Affairs Minister Ishaq Dar.
Deepening UAE-Pakistan Economic Ties
Pakistan's Prime Minister expressed his country's readiness to strengthen the relationship, particularly in economy, trade, and investment, and to draw lessons from the UAE's development experience.
The $10 billion UAE Pakistan investment agreement is among the largest bilateral economic commitments between the two nations, underscoring a strong intent to build deeper financial and strategic cooperation as Pakistan pursues economic recovery and growth.
