Korean investors have shown their keen interest in investing in Pakistan in the field of wind power, bio-energy and other renewable energy sources. The interest of investment has been shown by Joonwoo Choi, General Manager of Samsung C&T who called on Chairman Board of Investment, Mohammad Zubair here on Thursday. Representatives of Korean company discussed in detail the new investment prospects in Pakistan.
Joonwoo Choi apprised that Samsung C & T Corporation's Trading & Investment Group desired to participate in the field of energy and environment that were likely to serve as drivers for future growth of Pakistan. The key areas of interest were wind power, bio-energy and other renewable energy sources, they added.
The BoI chairman highlighted the investment incentives to the Korean investors and said that 100 percent equity and repatriation of capital, profits, royalty etc were allowed to the foreign investors. He further informed the visiting businessman about the establishment of SEZs for foreign investors. He said that the SEZs would have basic utilities and infrastructure of international standard, which would lead to reduce the cost of doing business, increase in industrial productions and exports, creation of jobs and enhance the rate of return to the developers and investors of the SEZ. The Chairman BoI also invited Samsung C&T to open a liaison office in Pakistan for pursuing their future interests in various sector.
The Samsung C &T Company is one of the world's finest construction & engineering companies and interested in investing in the construction of Kohat Tunnel. Currently it is providing the leading role in the construction of several worlds' largest building projects such as Malaysia's PETRONAS Tower and the Burj Khalifa in the United Arab Emirates.