FAISALABAD: A state-of-the-art Expo Center is in the pipeline, intended to facilitate the industrialists and foreign investors who are setting up projects in Faisalabad.
Costing Rs1 billion, the Faisalabad Expo Center will be built on international standards and comprise of conference halls, meeting rooms, hotels, stalls and pavilions.
The Faisalabad Industrial Estate Development and Management Company (FIEDMC) has allocated 50 acres of land to make Pakistan’s largest expo a reality, said Aamir Saleemi, the chief operating officer.
The government was also enhancing facilitates at the Faisalabad international Airport as it plans to make the city a hub for international trade.
Saleemi said that the Faisalabad Expo Center will be completed by March 2018. It will not only facilitate local businessmen but also facilitate the international firms arrange exhibitions at their door steps.
He said that the primary motive behind the expo centre was to facilitate the investor in one place. Due to dismal law and order situation in the country, international buyers are reluctant to come in Pakistan. The expo centre will lessen the burden of the exporters who have to visit different places to dispatch orders.
He added that the multinational companies were installing their units in this industrial estate, with billions of rupees flowing in from India, China, the United Kingdom, Germany and Switzerland.
The Shandong Ruyi Group was engaged in activities in Faisalabad’s estate, installing one of the largest spinning industry which consists of over 600,000 spindles with an investment of $2 billion.
Additionally, United Kingdom-based Ashmore Fund was investing $80 million along with several other countries that were also investing in the industrial park.
Published in The Express Tribune, March 16th, 2016.
Like Business on Facebook, follow @TribuneBiz on Twitter to stay informed and join in the conversation.
Comments are moderated and generally will be posted if they are on-topic and not abusive.
For more information, please see our Comments FAQ