Pakistan and Dubai have signed a $3 billion investment pact covering cooperation in railways, economic zones, and infrastructure development. The agreement was signed at the World Economic Forum in Davos by Minister of Communication, Railways and Maritime Affairs Shahid Ashraf Tarar and Chairman of Ports, Customs and Free Zone Corporation (PCFC) Sultan Ahmed bin Sulayem. The cooperation includes the development of a dedicated freight corridor, multi-modal logistics park, and freight terminals. The Dubai Port (DP) World will work on infrastructure development at Qasim International Container Terminal and plans to develop an economic zone near the terminal. The two governments have also signed agreements to strengthen their relations in the marine and logistics sectors, including the potential establishment of a Dedicated Freight Corridor and Economic Zone near Karachi. The DP World will act on behalf of the Dubai Government, while Pakistan Railways and Port Qasim Authority will act on behalf of the Pakistan Government for the development of the projects. The Qasim International Container Terminal will have the navigation channel dredged and an economic zone developed at Port Qasim, aiming to attract more than $3 billion of foreign direct investment. Both countries expressed their commitment to further consolidate their economic cooperation through landmark projects. Sultan Ahmed bin Sulayem emphasized the importance of Pakistan as a growing market and an important trade corridor to Central Asia. They are proud to contribute to its trading ability through their operations at Qasim International Container Terminal and are honored to work with various Pakistani government organizations to develop new freight systems and enhance port connectivity and investment. This will help serve Pakistan’s growing population and integrate it further into the wider region.