Al Anwar Investments, Oman’s leading investment company, has signed a Memorandum of Understanding (MoU) with Pakistan Railways, a Lahore-based state-owned railway company, to finance the construction of part of the railway project that links the Pakistani regions in four packages.
The signing ceremony comes after the recent visit of Eng. Ridha Juma Al Saleh, Chairman of the Oman Chamber of Commerce and Industry (OCCI) and other business delegations to Pakistan, who were received by President Dr. Arif Alvi of the Islamic Republic of Pakistan.
The meeting discussed the Sultanate of Oman’s and Pakistan’s historic links as well as the possibilities for economic cooperation. It also emphasized the necessity of enhancing this cooperation and leveraging the opportunities available in the private sectors of both countries to serve the interests of both sides.
In line with the meeting, Eng. Al Saleh and Mr. Mohammad Sarwar, the Governor of Punjab Province in the Islamic Republic of Pakistan, discussed prospects for trade and investment cooperation, urging investment in the two countries in the fields of tourism, agriculture, education, and health.
Under Vision 2040, OCCI seeks to invest and is said to be working on five development sectors including mining, logistics, tourism, food security and industrial growth. With a new road opened to the kingdom of Saudi Arabia, Oman has substantially reduced the distance, cost and timehence, the Sultanate can become a hub for export to Saudi Arabia, Iraq, Syria and GCC countries.
Al Anwar Investments, a publicly listed company on the Muscat Securities Market, has investments in the power sector, Oil & Gas, glass and paint, computer stationery, investment castings, construction and infrastructure, and packaging catering to the FMCG industry.
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