Contract signed for Expo 2020 Dubai's Pakistan Pavilion
Pakistan has inked a participation contract with Expo 2020 Dubai for the project
Pakistan has formally signed a participation contract with Expo 2020 Dubai, formally kicking off construction activities for the Pakistan Pavilion at the world expo.
Built on a large plot in the Opportunity District, the pavilion will be based on the ‘Emerging Pakistan’ theme, with “representation from all provinces”, as reported by the Associated Press of Pakistan (APP).
The contract was signed by Moazzam Ahmed Khan, Pakistan's ambassador to the UAE, and Sultan Al Shamsi, assistant minister at the UAE's Ministry of Foreign Affairs & International Cooperation, according to a message received by APP on 28 October 2018.
The agreement formally kicks off building activities at the new pavilion, although no further details on its construction were released at the signing.
Speaking on the occasion, as reported by APP, Abdul Razak Dawood, advisor to Pakistan's Prime Minister of Commerce, Textile, Industry, and Production and Investment, said Pakistan “attached great importance to its relations with UAE” and looked forward to making its participation "most meaningful" in line with the Expo 2020 Dubai theme of ‘Connecting Minds, Creating the Future’.
The news comes as Pakistan looks to court more foreign investment into the country struggling with massive public debt, all of which is coupled with a ballooning current account deficit and a sluggish economy.
Pakistan agreed a bailout worth $6bn (SAR22.5bn) with Saudi Arabia at the kingdom’s Future Investment Initiative, the huge investment conference backed by Saudi Arabia’s sovereign wealth fund which took place on 23-25 October in the capital Riyadh.