although oil still dominates, The kingdom needs to spend hundreds of billions of dollars to fund giga-projects aimed at weaning the economy off oil and to boost tourism and the private sector, Keep reading to know how.

In a significant meeting in Dubai, Pakistan's Ambassador to the UAE, Faisal Niaz Tirmizi, engaged in a constructive dialogue with Mohamed Al Hawi, Undersecretary of the Ministry of Investment. The two officials conducted an in-depth review of the progress achieved on the seven Memorandums of Understanding (MoUs) signed between Pakistan and the UAE, which span diverse sectors such as energy, agriculture, infrastructure development, finance, and technology. They recognized the considerable advancements made in implementing these agreements, underscoring the tangible benefits that have accrued to both nations' economies. Additionally, they acknowledged the positive momentum generated by recent high-level exchanges between the leadership of Pakistan and the UAE. These diplomatic interactions have significantly bolstered the strategic partnership and fostered cooperation across various fields. Ambassador Tirmizi and Undersecretary Al Hawi expressed optimism about the future trajectory of this relationship, emphasizing the necessity for ongoing collaboration at the highest levels. The meeting also served as a platform for exchanging insights on further deepening bilateral trade and investment ties. They explored opportunities to expand trade volumes and identify new areas of mutual interest that could enhance investment flows.

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