AVN 65.31 Decreased By ▼ -0.86 (-1.3%)
BAFL 30.25 No Change ▼ 0.00 (0%)
BOP 4.63 Decreased By ▼ -0.10 (-2.11%)
CNERGY 3.89 Decreased By ▼ -0.12 (-2.99%)
DFML 13.50 Decreased By ▼ -0.60 (-4.26%)
DGKC 42.15 Decreased By ▼ -1.54 (-3.52%)
EPCL 46.13 Increased By ▲ 1.48 (3.31%)
FCCL 11.45 Decreased By ▼ -0.38 (-3.21%)
FFL 5.19 Increased By ▲ 0.22 (4.43%)
FLYNG 5.82 Decreased By ▼ -0.28 (-4.59%)
GGL 10.04 Decreased By ▼ -0.34 (-3.28%)
HUBC 63.21 Increased By ▲ 0.91 (1.46%)
HUMNL 5.73 Decreased By ▼ -0.12 (-2.05%)
KAPCO 27.81 Increased By ▲ 0.26 (0.94%)
KEL 2.15 Decreased By ▼ -0.06 (-2.71%)
LOTCHEM 25.37 Decreased By ▼ -1.23 (-4.62%)
MLCF 21.65 Decreased By ▼ -0.87 (-3.86%)
NETSOL 84.95 Decreased By ▼ -1.25 (-1.45%)
OGDC 86.64 Increased By ▲ 0.37 (0.43%)
PAEL 10.96 Decreased By ▼ -0.31 (-2.75%)
PIBTL 4.21 Decreased By ▼ -0.07 (-1.64%)
PPL 78.65 Decreased By ▼ -1.43 (-1.79%)
PRL 13.61 Decreased By ▼ -0.05 (-0.37%)
SILK 0.88 Decreased By ▼ -0.02 (-2.22%)
SNGP 41.00 Decreased By ▼ -0.75 (-1.8%)
TELE 6.01 Decreased By ▼ -0.20 (-3.22%)
TPLP 16.02 Decreased By ▼ -0.25 (-1.54%)
TRG 111.89 Decreased By ▼ -0.66 (-0.59%)
UNITY 14.01 Decreased By ▼ -0.34 (-2.37%)
WTL 1.14 Decreased By ▼ -0.06 (-5%)
BR100 4,026 Decreased By -48.6 (-1.19%)
BR30 14,402 Decreased By -123 (-0.85%)
KSE100 40,451 Decreased By -396 (-0.97%)
KSE30 15,110 Decreased By -101.7 (-0.67%)

Dubai’s DP World CEO visits Pakistan, announces multimillion dollar donation for flood relief

  • DP World interested in establishing industrial parks in Pakistan, says CEO Sheikh Sultan Ahmed Bin Sulayem
Published September 24, 2022
<p>DP World Sheikh Sultan Ahmed Bin Sulayem arrives in Pakistan. Photo: Twitter</p>

DP World Sheikh Sultan Ahmed Bin Sulayem arrives in Pakistan. Photo: Twitter

Follow us

Dubai-based DP World, one of the largest port operators in the world, has said it will make a multimillion dollar donation to help Pakistan cope with the destruction caused by the devastating floods and support its citizens in this difficult time.

This was announced on Friday by the company’s CEO, Sheikh Sultan Ahmed Bin Sulayem, on a trip to Pakistan, The CEO made the trip on the invitation of Pakistani celebrity and entrepreneur Fakhr-e-Alam, who himself is based in Dubai.

Talking to media at a local hotel in Karachi, Sulayem said the company will announce the exact amount it would donate in due course, adding that DP World, which specialises in cargo logistics, port terminal operations, maritime services and free trade zones, will be working in cooperation with the Pakistan Army to conduct relief work.

“More countries should come forward too to support Pakistan come out of this crisis,” he said, noting that the full impact of the devastation caused by rains and floods cannot be gauged by just media reports.

Galaxy Racer partners with Fakhr-e-Alam to ‘expand into Pakistan’

While in Pakistan, Sulayem will visit flood-affected areas to see first-hand the impact and of climate change on the country.

Dubai maintains position as top shipping centre in Arab world

He will also meet government officials and engage with leadership on exploring ways in which the country can cope with climate change issues in the future and how the DP World Foundation, launched earlier this year to carry out humanitarian work and facilitate initiatives financed by the public and private sectors, can help.

DP World could establish industrial parks in Pakistan

Speaking about Pakistan’s economy, Sulayem said: “Pakistan has strong fundamentals and natural resources. There are engineers and everything that makes establishing industries viable.”

He said DP World is interested in establishing industrial parks in Pakistan, adding that many industries from the Far East could relocate to Pakistan as production was getting expensive even in China.

Sulayem is considered one of the most successful business leaders of UAE and has been credited with establishing and leading Nakheel, a real estate and tourism property development firm, as well as pioneering the Dubai Multi Commodities Centre, a market for gold other commodities.

Nakheel unveils vision for development of Dubai Islands


Comments are closed.

Dubai’s DP World CEO visits Pakistan, announces multimillion dollar donation for flood relief

Suddenly, ailing SOEs come under PDM govt’s focus

At least 39 dead as passenger coach falls into ravine in Lasbela

‘Plan C conspiracy’ Irked by allegation, PPP says will send legal notice to IK

LPG hits historic high of Rs300/kg: LPGA demands setting up of probe commission

50pc duty imposed on import of ‘Mild Hybrid Vehicles’

Al-Nahyan due tomorrow to discuss trade, investment

Flood-hit areas: Rs8.39bn subsidy to be provided to farmers

Pakistan expresses interest in possibility of currency swap with Russia

FBR readies presentation for IMF

Italy’s Meloni in Libya to conclude $8bn gas deal