UAE Energy Firm Looks At Investing In Pakistan
The Abu Dhabi National Energy Company has expressed interest in setting up a coal-based power plant in Pakistan. The company’s vice-president, Abdullah Khunji, discussed the proposal with Pakistani President Asif Ali Zardari and indicated its willingness to invest in the power sector. Well, we’ll see when this one starts!
Zardari was in the United Arab Emirates’ capital Abu Dhabi on an official visit to boost business ties and strategic cooperation between the two countries. Khunji later told reporters that Pakistan was the best place for investment and his company would soon launch its energy projects in the country. The president assured him of the government’s full support and cooperation.
Emirates Investment Group chairman Tariq Al Qasimi also met Zardari and expressed his group’s desire to invest in Pakistan’s financial sector. Qasimi told reporters his company had its presence in Pakistan and was exploring new avenues of investment in the agriculture and banking sectors.
UAE Minister for Petroleum Mohammad Dhaen Al Halimi also met President Zardari and discussed with him prospects of cooperation in the energy, oil and gas sectors. The president praised the UAE for investing 5 billion dollars on a refinery in Baluchistan and said he hoped that the private sector would invest more in joint venture projects in the petroleum and energy sectors.
Via Adnkronos.
