PESHAWAR: The Chief Executive Officer (CEO) of the Khyber Pakhtunkhwa Economic Zones Development and Management Company (KP-EZDMC), Javed Iqbal Khattak has said that the team of the company has returned from Dubai Expo 2020 with remarkable achievement of signing 11 Memorandums of Understanding (MoUs) with international investors in different sectors.
The team of the provincial government has signed as many as 44 memorandums of understanding (MoU) during Dubai Expo 2020 held at Dusit Thani, Dubai, United Arab Emirates (UAE).
Talking to this scribe, Javed Iqbal Khattak said that the MoUs have been signed with international investors for investment in economic zones and special economic zones of Khyber Pakhtunkhwa, especially in Rashakai Special Economic Zone, Daraban Special Economic Zone and Mansehra Economic Zone for livestock feed, marble & granite, surgical equipment, foam manufacturing, PVC unit and bottling plant. Under these MoUs foreign investors have pledged investment to the tone of US$ 8 billion. More over a tripartite MoU has also been signed among PEDO, Infra Co Asia and KP-EZDMC for solarization of all Economic Zones.
The CEO KP-EZDMC while elaborating the details of companies and statistics of investment, said that Berkley Group of Companies, a real estate development company is willing to extend operations in Pakistan, interested in acquiring 10 acre land in Rashakai Special Economic Zone with an investment of1.7 million USD while Habib Hisam Pvt. Limited, a company doing business in livestock sector is keen to acquire land in Mansehra to establish large scale poultry business in Pakistan with an investment of 16 million USD.
Similarly, Al Ibrahimi Group, Dealing in 7 sectors, i.e. hotels, restaurant, trading, general supplies, willing to establish industry in Pakistan by acquiring land in Rashakai Special Economic Zone with an investment of1.7 million USD while Mai Al Dhafra wants to set up a bottle manufacturing plant at suitable place in Khyber Pakhtunkhwa with an investment of 10 million USD.
Furthermore, Malik Foams, an UAE based entrepreneur is also keen to establish a foam manufacturing facility, in Rashakai Special Economic Zone with an investment of 6 million USD while VR Group wants to establish marble processing unit i.e. solid surface tops in Mohmand Economic Zone with an investment of0.17 million USD.
Sigma Group, a company dealing in surgical equipment, wants to acquire land in Rashakai Special Economic Zone with an investment of 10 million USD and Zoonergy (Tianjin), a Chinese owned company in collaboration with Seeds and energy and Power department, willing to solarize all economic Zones in KP with an investment of USD 56.7 million.
Samara Group, a group focusing on construction business willing to acquire land in Rashakai Special Economic Zone with an investment of 1.5 million USD while Bio Just France in collaboration with Seeds consulting, willing to establish a food processing unit in Daraban Special Economic Zone with an investment of USD 200 million and Smart Solutions Pvt. Ltd is keen to set up 50MW solar plant in Dera Ismail Khan with an investment of 130 million USD.
Copyright Business Recorder, 2022
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