Pakistani fuel company Wafi Energy is making a major international move. Its Board of Directors has approved a plan to set up a wholly owned subsidiary in Dubai.
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The new subsidiary will be located in the Dubai Multi Commodities Centre (DMCC), a well-known free zone that serves as a gateway to Middle Eastern and global markets. To get started, the company plans to invest up to $500,000 in the new branch.
However, this expansion is not final yet. The decision is still subject to approval from the State Bank of Pakistan, along with other necessary legal requirements. Once approved, the Dubai subsidiary will help Wafi Energy grow its business activities outside of Pakistan and strengthen its presence across the region.
This strategic step shows Wafi Energy’s goal to diversify its operations geographically and tap into new opportunities in the fast-growing Middle East market.
