Fawad Chaudhry invites UAE to invest in precision agriculture

DUBAI: Federal Minister for Science and Technology Fawad Chaudhry has said that Pakistan is looking at increased cooperation with the UAE in the field of space, museums and precision agriculture.

During a visit to the Khaleej Times office, he said, “We are keen to develop a museum and future strategy, therefore, we are working closely with the UAE on these issues. We would also like to enhance cooperation in the space sector with the UAE as it has just opened up a space university,” he told Khaleej Times. 

“I would like the UAE space university to sign MoUs with Pakistani universities as we plan to send our first manned mission in space in 2022 and we want UAE’s cooperation in the mission.” 

In July 2019, Fawad announced that Pakistan will send its first astronaut to space in 2022. The UAE became first Arab nation by sending its astronaut Hazzaa AlMansoori to the International Space Station last year. Besides space exploration, the minister said their country is also looking at teaming up with the Emirates when it comes to precision agriculture.

READ MORE: Chairman Bank Alfalah commits investment in digital, stays ambiguous over reports of potential sale

“The UAE is one of the biggest investor in agriculture. We can offer land and expertise to Dubai companies who want to come to Pakistan and invest in precision agriculture. We can have lucrative business deals for those UAE companies,” he said. He noted that he is prioritising business-to-business deals to expedite the process of increased investments between the two countries.

Fawad requested Pakistani expats to invest in technology, science, education, biotechnology and precision agriculture – “and to forget real estate as it is an old business”.

Monitoring Desk
Monitoring Desk
Our monitoring team diligently searches the vast expanse of the web to carefully handpick and distill top-tier business and economic news stories and articles, presenting them to you in a concise and informative manner.

Must Read

Bitcoin’s “Faketoshi” faces contempt of court case over $1.2 bln UK...

Craig Wright, an Australian computer scientist who claims to be Bitcoin’s creator, Satoshi Nakamoto, is facing fresh legal trouble in the UK over charges...