Pakistan and Dubai sign $3 Billion Agreements for Infrastructure and Economic Zone Development.

Pakistan and Dubai have solidified their collaboration through the signing of strategic inter-governmental framework agreements valued at over $3 billion, heralding a new era in infrastructure development, particularly in railway and economic zone advancement.

The deals were inked during the World Economic Forum in Davos, as Pakistan’s Minister of Communication, Railways, and Maritime Affairs, Shahid Ashraf Tarar, and Dubai’s Sultan Ahmed bin Sulayem, who chairs the Ports, Customs and Free Zone Corporation, came together to propel the bilateral relations forward.

Dubai Port (DP) World, representing Dubai, targets infrastructural progress at Qasim International Container Terminal, Pakistan’s central trade hub. The plans include carving out an economic zone adjoining the terminal, poised to magnetize substantial foreign direct investment, reinforcing Pakistan’s position as a pivotal gateway to Asia.

The projects entail the creation of a rail-based Dedicated Freight Corridor stretching from Karachi Port to the Pipri Marshalling Yard, aimed at unclogging Karachi, boosting road safety, and slashing logistics costs. This move underscores the commitment to bolstering Pakistan’s growing trade corridor and its strategic importance in the region, potentially attracting more investments and nurturing the economic landscape for the foreseeable future.

As these investments take shape, the promise of enhanced connectivity and a thriving economic platform in Pakistan stands to not only benefit the population, poised to swell to nearly 300 million but also to integrate the nation more deeply within the broader Central Asian context.

Gwadar Port Rail Connectivity with ML-1 and Quetta Enters 2nd Phase.

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