Zahoor brings over $400m investment

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News Desk September 03, 2024
Zahoor brings over $400m investment

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Umar Farooq Zahoor, a well-known Dubai-based business tycoon of Pakistani origin, has brought over $400 million in direct foreign investment to Pakistan in the last 18 months. This investment has been directed towards infrastructure, ports, and logistics.

Due to his efforts, projects worth over $2 billion in various fields, including energy, distribution, agriculture, IT, logistics, and real estate, are currently underway.

Recently, the Republic of Equatorial Guinea awarded Zahoor the Medal of Honour for bringing in over $55 million USD in direct foreign investment to the country. The award was presented to him by the President of Equatorial Guinea during a ceremony attended by dignitaries from both local and Middle Eastern countries.

The Inter-Governmental Institution for the Use of Micro-algae Spirulina Against Malnutrition (IIMSAM), an autonomous inter-governmental observer to the United Nations Economic and Social Council, has appointed Zahoor as a pro bono Ambassador-at-Large under the office of the Secretary-General.

His appointment as a goodwill ambassador, according to the letter issued by IIMSAM, supports the organization's mandate to combat malnutrition by facilitating the free distribution of spirulina to disadvantaged sectors internationally, particularly in Pakistan, in alignment with the United Nations' Sustainable Development Goals for 2020-2030 under the Decade of Action.

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