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Showing posts with the label bilateral agreement

UAE and Kenya Forge Investment Alliance to Propel Digital Innovation

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  In a landmark move, the United Arab Emirates (UAE) and Kenya have solidified their commitment to advancing digital infrastructure and artificial intelligence (AI) initiatives through the signing of an Investment Memorandum. This strategic agreement, facilitated by the UAE Ministry of Investment and the Ministry of Information, Communications, and the Digital Economy of the Republic of Kenya, aims to foster collaboration in the realm of technology-driven development. With a focus on bolstering digitalisation efforts, the memorandum seeks to explore investments in key areas such as digital infrastructure, AI services, and the development of data centre projects, reflecting the shared vision of both nations for a digitally empowered future. Driving Growth in Kenya's Digital Economy Kenya's burgeoning digital economy has emerged as a beacon of growth, propelled by the rapid expansion of the Information and Communication Technology (ICT) sector. With an impressive annual growth ra...

Pakistan and UAE to Cooperate on Cargo Terminal Development

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  The Pakistani government has authorized negotiations on a framework agreement with the United Arab Emirates for the development of a bulk and general cargo terminal at East Wharf, Karachi PortTrust (KPT) . The agreement , which is still in the early stages of development, would see the UAE's AD Port Group invest in the construction and operation of the terminal. The project is expected to cost around $1 billion and is expected to create thousands of jobs in Pakistan, both during construction and after the terminal is operational. This will be a welcome boost to the country's economy, which is currently facing challenges. In addition to the economic and environmental benefits, the development of the cargo terminal could also have a number of other positive impacts. For example, it could help to improve the connectivity of Karachi Port with other ports in the region, which could lead to increased trade and investment. It could also help to create a more efficient and compet...