Dubai Port World to invest $211m

Society Pakistan & World Affairs
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Dubai Port World to invest $211m
By Muhammad Saleh Zaafir

ISLAMABAD: Dubai Port World will make an investment of $211 million for establishing a second container terminal at the Port Qasim in Karachi. An agreement to this effect was signed here on Thursday.

The company has already invested $100 million for constructing the first terminal and is likely to make further investment of $70 million in dredging. Together, this would be the largest ever foreign direct investment in the port sector of Pakistan…

The News International

What do the United Arab Emirates get outta this?

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Re: Dubai Port World to invest $211m

Does that mean UAE has come to peace with Gawadar project....... Aparently they were one of the players in the balochistan saga. Fearing that Gawadar might take them over as the major commercial port of the reigon.

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Re: Dubai Port World to invest $211m

They will run the port terminal and earn the money, thats what they will outta this!

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Re: Dubai Port World to invest $211m

Good news.