DP World appoints Pakistani vice chairman to spearhead 'multibillion-dollar investment strategy'

ISLAMABAD: A United Arab Emirates-based multinational logistics company has decided to appoint a Pakistani celebrity, Fakhar-e-Alam, as vice chairman to spearhead a “multibillion-dollar investment strategy” in the South Asian state, said a statement circulated by the organization earlier this week.
It added that Alam, a longtime UAE resident, had been working closely with DP World since last year’s devastating floods in Pakistan, adding the company made a donation of $2.5 million to help the survivors of the natural calamity due to his efforts.
“I am deeply honored and most grateful to His Highness Sheikh Mohammad [bin Rashid Al Maktoum] the ruler of Dubai, His Excellency Sultan Ahmed Bin Sulayem and the leadership of DP World to give me this opportunity,” the statement quoted the Pakistani celebrity as saying.
“I look forward to building newer [and] stronger economic bridges between the UAE and Pakistan and beyond,” he continued. “The challenges that Pakistan is faced with require out of the box thinking and a much more progressive approach towards investors like DP World.”
Alam maintained it was possible to create great value and wealth that would ultimately benefit Pakistanis and help grow trade in the entire region.
DP World is said to be “the crown jewel enterprise of Dubai” which is currently valued at about $90 billion. The company’s core business has also facilitated global trade flow.
The statement said DP World’s “global dominance” was growing at a rapid pace as it had been winning bids, creating new partnerships, and adding greater value to its industry.

DP World appoints Pakistani vice chairman to spearhead 'multibillion-dollar investment strategy'