UAE Looking for Investment Opportunities in CPEC

Islamabad: According to Chinese Ambassador to Pakistan Yao Jing, China and the United Arab Emirates (UAE) are looking for ways to cooperate under the China-Pakistan Economic Corridor (CPEC), as reported by the news sources.

During an interview, the Chinese Ambassador mentioned that the UAE was a strategic partner under the Belt and Road Initiative (BRI) and has a lot of trade and economic links with Islamabad. BRI is a program spearheaded by China and this specific program is designated to boost trade and economic ties in dozens of countries in Asia, Europe, and others, mostly through investments in infrastructure and energy sector.

Ambassador Yao Jing said, “Between China and UAE, maybe we have some opportunities to cooperate for Pakistan’s development”, adding that since the ninth meeting of a Pakistan China Joint Cooperation Committee held in November, both countries have started to promote third party investments in CPEC.

Also Read: China to Invest $10 Billion in Oil and Gas Sector Under CPEC