Korean companies to invest in health care, infrastructure

Sign MoUs with the Punjab Board of Investment and Trade

LAHORE: Two South Korean companies expressed their desire to invest in primary health care and infrastructure development and signed memoranda of understanding (MoUs) with the Punjab Board of Investment and Trade (PBIT).

Chang Co Limited and C&S Co Limited signed the MoUs when their executives visited the PBIT to meet its Chief Executive Officer Jahanzeb Burana and other senior officials. They discussed cooperation in varying potential sectors.

Chang Co is an information technology consulting company for public welfare services whereas C&S Co is an investment firm operating a private equity fund and specialising in infrastructure investment, project management and consultancy.

Chang Co President Sang Hyun Oh discussed more collaboration and exchange of experiences in the field of primary health care services and medical education.

He expressed keen interest in investing in health care (hospital and public hygiene) as well as projects related to education, food and environment in Pakistan.

C&S Co President Sang Seob Kim appreciated Pakistan’s infrastructure development and expressed interest in investing in projects related to construction, industrial estates, power plants and other sectors.

Under the MoUs, the PBIT will facilitate the two companies in projects of their interest.

The upcoming joint ventures are expected to contribute significantly to strengthening and developing collaboration on the basis of mutual benefit, reciprocity and cooperative relationship.

Giving a concise introduction of Punjab, the PBIT CEO underscored the need for exploiting the investment potential, which was followed by a comprehensive presentation concerning investment and business opportunities in Punjab.

He emphasised that health care was a key sector and Punjab had implemented major reforms in the area. He assured foreign investors of all facilities and assistance for their convenience.

Published in The Express Tribune, January 3^rd, 2018.

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