Omani company to invest in Railways project in Pakistan

Oman company to invest in Railways project in Pakistan
Oman company to invest in Railways project in Pakistan

Muscat: A memorandum of understanding singed between Anwar Asia Investment Company and Pakistan Railyways, whereby the Omani company will provide financing for construction of part of the railways project that links the Pakistani regions.

In a statement Oman news agency said: Eng. Rida bin Juma Al Saleh, Chairman of the Board of Directors of the Oman Chamber of Commerce and Industry (OCCI), and the Governor of Punjab Province in the Islamic Republic of Pakistan Muhammad Suroor Chaudhry and a number of officials in Lahore discussed prospects for trade and investment cooperation between the two countries and encouraging investment in the fields of tourism, agriculture, education, health and manpower.”

The visit also witnessed the signing of a memorandum of understanding between Anwar Asia Investment Company and Pakistan Railways, whereby the Omani company is providing the financing for the construction of a part of the railway project that links the Pakistani regions in four packages.

Muhammad Riyad, a Pakistani investor in the Sultanate of Oman, said that the visit of the Omani trade delegation to Pakistan contributes to discussions on topics related to economic developments in the two countries, as well as information related to investment and opportunities available in various economic sectors.

Muhammad Riyad added that there are many investment opportunities in the two countries that businessmen in all economic sectors can benefit from, especially the tourism projects that characterize the city of Lahore.

Terms of Use:

  • This website Arabian Daily is an individual’s property, not used for any commercial or sales purposes. What you see here are one’s random thoughts in action. I, by no means, endorse any product or party through this, unless stated explicitly.
  • All work you will find here is copyrighted unless stated otherwise. No part of this work can be reproduced in any way with the exception of a) if you share our work, it should link back to this website; b) if you quote any part of our work, it should be properly credited to us with a link to this website.
  • All images used on this website have been taken from open source image websites on the Internet. If any of them are copyrighted to you and you want us to take them down or add credits, please feel free to contact us here, or by using the contact form on this page.
  • The views expressed on Arabian Daily are solely ours. They do not represent any party or any particular school of thought. This website does not promote racism in any form.
  • Privacy Policy:
    This website will respect the readers’ and the writer’s privacy. We do not sell any of their personal or contact information to another company. We do not put your information on spam lists. Also, and more importantly, we are not responsible for the privacy practices of any of our advertisers or website commenters.
  • Reserve Rights: We reserve the right to change the focus on this website, to shut it down, sell it or to change the terms of use at our own discretion.