UAE + Pakistan inked a number of multi-bn USD agreements: Pakistan's Prime Minister Anwaar ul Haq Kakar met with UAE’s President Sheikh Mohamed bin Zayed, where they inked an array of MoUs in areas of investment cooperation in energy, port operations, projects, logistics, aviation, banking and financial services, mining, food security, and wastewater treatment, according to a statement from the Pakistani prime minister’s office.

We don’t have exact figures, but we know it’s a lot: The MoUs are reported to be worth some USD multi-bn across the sectors, Arab News cites Kakar as saying in televised comments.

The visit by Kakar to UAE also saw the discussion of advancing ties in political, trade, economic, investment, cultural, defense, and people-to-people relations, according to the statement.

IN OTHER INVESTMENT NEWS-

Abu Dhabi International Food Exhibition (ADIFE) closed its first day with nine agreements worth AED 610 mn signed, according to a press release. The agreements included five MoUs, three cooperation agreements, and a sustainability agreement.

In detail: The MoUs included a partnership between the Arab Authority for Agricultural Investment and Development and Lamar Olive Oil, valued at over AED 110 mn, and the agreement between Agthia Group and Yellow Door Energy to establish two 5 MWp solar power plants

Adnoc facilitated over AED 500 mn in local food sourcing agreementsgeared towards food security and sustainability.

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