United Arab Emirates (UAE) will conduct the first ever largest single country exhibition at the Expo Centre in Karachi from 30th November to 2nd December. The trade fair is expected to be
participated by over 70 officials and businessmen from various sectors.
UAE consul general Suhail bin Matar Al-Ketbi told the news reporters on Thursday that Minister for Foreign Trade Sheikha Lubna bint Khalid bin Sultan Al-Qasimi will be the honorary guest for the occasion. He further told the Federation
of Pakistan Chambers of Commerce and Industry (FPCCI) will assist the executives in reaching many agreements during the business to business meetings at the sidelines of the exhibition.
The envoy also stated that UAE’s 40th annual day celebrations will also be held on the last day of the exhibition and the Foreign Trade Minister of UAE will be gracing the occasion.
UAE is currently the second largest foreign investor in Pakistan, with almost $2.1 billion of funds being injected in key sectors including energy, telecommunication, real estate, aviation and banking. Such trade fairs will encourage
further business between the two nations, providing a good platform for the new investors to exploit new opportunities overseas.
Suhail stated that the bilateral trade between UAE and Pakistan is already touching $9 billion and such trade exhibitions will open up new horizons for the businessmen on both sides. According to the consul general, entrepreneurs
in UAE believe that Pakistan holds great opportunities in a number of sectors and almost 90 companies are interested to take their part in the exhibition in Karachi.
Suhail prised the sincere efforts put in by the Trade Development Authority of Pakistan (TDAP), the Ministry of Commerce, the Sindh Government, the Board of Investment, the CDGK and the FPCCI for the commencement of the trade fair.
He also cited that the UAE companies already carrying on their operations in Pakistan, which include Bank Al-Falah, Warid, Etihad Airways, KESC, DP World, GiGa Investment, PTCL and Dubai Islamic Bank, are sponsoring the exhibition.
He reported that the investors from UAE were reluctant to take part in the trade fair but after convincing them that tremendous business opportunities wait for them in Pakistan, they have finally agreed to be a part of the exhibition.