MoU was signed by UAE Ministry of Energy and Infrastructure Undersecretary Sharif al Olama and Power Division Secretary Rashid Mahmood Langrial.
As Pakistan’s prime minister urged more businesses to take advantage of the nation’s potential in the alternative energy sector, the United Arab Emirates will develop renewable energy projects there.
At a ceremony where the two nations signed a memorandum of understanding (MoU), PM and UAE Minister for Industries and Technologies Sultan Al Jaber was present.
The Memorandum of Understanding was signed by UAE Ministry of Energy and Infrastructure Undersecretary Sharif al Olama and Power Division Secretary Rashid Mahmood Langrial.
Speaking at the event, the PM said his government intended to produce 10,000 megawatts of solar energy and that alternative energy projects offered a chance for bilateral cooperation.
The prime minister declared that his administration was prepared to present Pakistan’s potential and its alternative energy resource policies in-depth to the UAE companies.
He promised to “make unremitting efforts to convert the Memorandum of Understanding into an agreement and its swift realisation.”
The UAE invited Pakistan to the COP28, which will be held there by the end of this year, and the prime minister thanked them for that.
He specifically thanked UAE President Mohammed bin Zayed Al Nahyan for Pakistan’s timely and valuable support, especially during the snag in reaching an agreement with the IMF.
The UAE, China, and Saudi Arabia’s cooperation was crucial in completing the IMF agreement.
The UAE’s energy minister, Al Jaber, stated that both nations had excellent relations and partnerships because the UAE consistently emphasised the value of collaboration and finding fresh ways to fortify bilateral ties.
He assured that as the COP28 host, the UAE would ensure the creation of an action plan, as well as a thorough understanding of issues related to climate change and the Loss and Damage Fund.
Seperately, the Prime Minister unveils three mega projects estimating over Rs 24 billion to connect Khyber Pakhtunkhwa’s Torghar district with Buner. The projects include a 25km inter-district road, a 1km Karakar Tunnel, and a reinforced Cement Concrete bridge, aiming to promote tourism and trade.