Karachi, March 06, 2018 (PPI-OT): Chairperson Sindh Board of Investment (SBI), Ms. Naheed Memon in her address to the Pak-Kuwait Investment Conference being held at Kuwait by the Kuwait Chamber of Commerce and Industry said that excellent long term investment opportunities are available in Pakistan. She said that rapidly expanding market which has great demand of consumers’ goods got potential for the investors to earn benefit.
Speaking about her visit to Kuwait, she said that one of the objectives of the visit to her delegation to Kuwait is to create awareness among the investors of Kuwait about the investment opportunities in the rapidly expanding markets of Pakistan. Ms. Naheed said that good investment opportunities are available between Pakistan and Kuwait in energy, infrastructure, health, tourism, hospitality, agriculture, transportation, food and other sectors.
She also informed the participants of the conference about the special economic zones in Khairpur, Bin Qasim and Korangi as well as regarding importance of Dhabeji Special Economic Zone which has been introduced under the Pakistan China Economic Corridor (CPEC), project. Pakistan’s Ambassador in Kuwait Ghulam Dastagir and Chairman Board of Investment (BOI) Pakistan, Naeem Zamindar also addressed to the conference.
Meanwhile, the Chairperson SBI along with others met with Managing Director Kuwait Investment Authority (KIA) Farouk Bastaki. The KIA official briefed about the possibilities of investments in oil, housing, infrastructure, hospitality, transport and other sectors. He said that the government of Kuwait has been investing in Pakistan for years in banking, hospitality, power and other sectors. Meezan Bank, Movenpick and K-Electric are some example of the fact, he added.
During her visit, Ms. Naheed Memon also met with Director General Kuwait Fund for Arab Economic Development, Abdul Wahab Al Bader. She also held meetings with investors of Kuwait and Pakistani Businessmen. The investors also shown their interests in investment in the Nooriabad Industrial Park and agreed to hold further meetings in this regard.
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