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FinancialNews
06-01-19
Abu Dhabi, Pakistan to ink USD1b investment deal
(MENAFN) Abu Dhabi is expected to ink a USD1 billion investment agreement with Pakistan for oil storages to be established at Gwadar Port.
The agreement will also be allowing for a white oil pipeline to be installed when Abu Dhabi Crown Prince Sheikh Mohammed bin Zayed Al-Nahyan pays a trip on Sunday.
The UAE already decided to grant an USD1 billion investment via Mubadala, as unveiled sources while speaking to The Express Tribune.
The capital of the UAE made investments in Pak Arab Refinery (Parco) in a joint-venture formed with the Pakistani government.
MENAFN0601201900450000ID1097931497
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