Chinese investors to set up industrial park in Gwadar

ISLAMABAD: Chinese investors would set up an industrial park and livestock farm in Pakistan under China Pakistan Economic Corridor (CPEC) project. This was stated by Director Tianjin Building Materials Industry Association Xu Jingling while addressing business community at Islamabad Chamber of Commerce and Industry (ICCI).

She visited ICCI leading an 11-member delegation of Chinese entrepreneurs for exploring business partners for industrial park and livestock farm projects.

 “The industrial park will be established in Gwadar at an area of 2000 Kanal.   The surplus products produced in the said industrial park would be exported to China.” She added.

She hoped that completion of these facilities in Pakistan would help in promoting Pakistan’s exports including its meat products. The delegation was representing various sectors including building materials and steel pipe fittings, steel fencing systems, engineering machinery, optical fibre cable, warehouse equipment and glass products.

Speaking on the occasion, President ICCI Khalid Iqbal Malik stressed the need for exploring the maximum joint ventures with Pakistani and Chinese investors in CPEC projects. He said many sectors of Pakistan’s economy including energy, infrastructure development, real estate and construction offered lucrative investment opportunities to Chinese investors.

News Desk

Published in The Balochistan Point on April 27, 2017