*ISLAMABAD - In a good development, Pakistan and China have invited a third country to join multi billion dollars CPEC Project.*
*Top Chinese and UAE Officials met in Islamabad to finalise the arrangements for joining the second phase of the CPEC .*
Chinese and UAE officials on Tuesday discussed investment in the second and third phase projects of the China-Pakistan Economic Corridor (CPEC).
UAE Deputy Head of Mission to Pakistan Al Aziz Al Noyadi met China Road and Bridge Construction General Manager Li Changgui in Islamabad. They discussed a mechanism through which the Gulf state could invest in the second and third phase projects of CPEC on long and short term basis.
Investment in railway, port and shipping sectors as well as the establishment of a free zone came under consideration.
Both sides agreed that Pakistan was a mutual friend and investment in the country would be beneficial for all sides.
They also decided to hold consultations in the future on other sectors.
Earlier this year, UAE Ambassador Hamad Obaid Ibrahim Salem Al-Zaabi said the Gulf state’s companies were eager to invest in Gwadar that has assumed importance under the CPEC framework.