UAE businesses eyeing investment in K-P

Ink agreements to set up industrial units in province

PESHAWAR:

Investors from the United Arab Emirates (UAE) are pouring money in the budding industrial sector of Pakistan.

Recently, six industrial groups from the emirates have expressed keen interest in setting up their industries in Khyber-Pakhtunkhwa (K-P), for which they have signed letters of intents with the provincial economic zones management company.

According to a press release issued on Wednesday, the letters of intents were signed during the ongoing Dubai Expo 2020 between the groups and Khyber-Pakhtunkhwa Economic Zones Development and Management Company (KPEZDMC). The groups that signed the letters included Sigma Group (telecommunication), Malek Foam, Al-Ibrahimi Group (travel and tours), Jannat Travel and Tours, Samara Group (food processing) and VR Group of Companies (marble and granite), the release said.

These industries will sign a memorandum of understanding with KPEZDMC during the investment conference, scheduled to be held on January 16, 2022, in the presence of K-P Chief Minister Mahmood Khan. “The companies are interested to invest in marble and granite, hospitality, telecommunication and tourism sectors of Pakistan,” it said.

On the occasion, KPEZDMC CEO Javed Iqbal Khattak highlighted the investment opportunities available in the province.

Published in The Express Tribune, January 6^th, 2022.

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