AGL 5.51 Increased By ▲ 0.11 (2.04%)
ANL 8.49 Decreased By ▼ -0.30 (-3.41%)
AVN 75.73 Decreased By ▼ -0.43 (-0.56%)
BOP 5.21 Increased By ▲ 0.04 (0.77%)
CNERGY 4.42 Decreased By ▼ -0.06 (-1.34%)
EFERT 81.53 Increased By ▲ 0.43 (0.53%)
EPCL 49.54 Increased By ▲ 0.54 (1.1%)
FCCL 12.68 Decreased By ▼ -0.02 (-0.16%)
FFL 5.52 Decreased By ▼ -0.07 (-1.25%)
FLYNG 6.74 Decreased By ▼ -0.24 (-3.44%)
FNEL 4.64 Increased By ▲ 0.01 (0.22%)
GGGL 8.45 Decreased By ▼ -0.14 (-1.63%)
GGL 13.85 Decreased By ▼ -0.21 (-1.49%)
HUMNL 6.03 Increased By ▲ 0.53 (9.64%)
KEL 2.56 Decreased By ▼ -0.04 (-1.54%)
LOTCHEM 27.62 Decreased By ▼ -0.09 (-0.32%)
MLCF 23.75 Increased By ▲ 0.07 (0.3%)
OGDC 71.22 Decreased By ▼ -0.23 (-0.32%)
PAEL 15.16 Decreased By ▼ -0.04 (-0.26%)
PIBTL 4.87 Decreased By ▼ -0.04 (-0.81%)
PRL 15.86 Increased By ▲ 0.06 (0.38%)
SILK 1.09 Increased By ▲ 0.04 (3.81%)
TELE 8.84 Decreased By ▼ -0.15 (-1.67%)
TPL 7.08 Decreased By ▼ -0.08 (-1.12%)
TPLP 19.20 Decreased By ▼ -0.02 (-0.1%)
TREET 20.87 Decreased By ▼ -0.27 (-1.28%)
TRG 136.73 Decreased By ▼ -0.02 (-0.01%)
UNITY 16.54 Decreased By ▼ -0.26 (-1.55%)
WAVES 9.16 Increased By ▲ 0.06 (0.66%)
WTL 1.34 Decreased By ▼ -0.03 (-2.19%)
BR100 4,158 Decreased By -27.7 (-0.66%)
BR30 15,339 Decreased By -127.2 (-0.82%)
KSE100 41,652 Decreased By -167.7 (-0.4%)
KSE30 15,380 Decreased By -68.1 (-0.44%)

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

Forex reserves fall to $6.7bn on repayments

CARs: ADB lists barriers to trade flows

FX reserves may rise in H2FY23: All debt repayments on track, says SBP governor

Saudi Arabia, China sign strategic deals

‘Country of Particular Concern’: Pakistan conveys its concerns to US

765kV DC transmission lines: FD asks PD to take action on award of contract

Cabinet approves restoration of 11 revoked POL exploration licences

Amendments to power plants’ documents,transition from USD Libor benchmark to SOFR: MoF urges PD to nominate body as focal point

Consignments of imported soybean feed: FTO may issue release order today

Pharma supplies: KTBA urges FBR to revisit clarification about ‘further tax’