Egyptian Companies Want to Invest $1 Billion in Pakistan’s Energy and Housing SectorsOctober 4, 2019
Prime Minister Imran Khan has welcomed the interest shown by Egyptian companies to invest $1 billion in Pakistan.
The government will fully facilitate Egyptian investors and entrepreneurs so that they can carry out trade activities in the country.
Meeting a delegation of Egyptian investors, the prime minister said that there is a huge potential to translate the existing Pakistan-Egypt relations into strong economic ties.
He called for the promotion of bilateral cooperation between Pakistan and Egypt at all levels to tackle the common challenges faced at international level, specially, the negative propaganda about Islam so that the two countries could complement each other’s efforts in this respect.
On the occasion, El Sewedy Electric, a renowned Egyptian company expressed its intention of investing $500 million in Pakistan’s energy sector. The delegation said that the Egyptian companies were willing to invest $ 1 billion in Pakistan over the next one year in the energy sector and prime minister’s five million housing projects.
Highlighting Pakistan’s new energy policy, he said the present government has been striving hard to promote renewable energy sector, adding the interest shown by Egyptian companies in this respect was encouraging.
The PM while talking about health sector said that Since the present government had the vision of a disease-free Pakistan, there was also a need to have enhanced Pak-Egypt cooperation in the area of healthcare.
Members of the Egyptian delegation while expressing their full confidence in the vision of Prime Minister Imran Khan and his government’s business-friendly policies said that the Egyptian companies were keen to invest in Pakistan’s housing, energy, health and other sectors.
Special Assistant to PM on Information and Broadcasting Dr Firdous Ashiq Awan, Special Assistant to PM Syed Zulfiqar Abbas Bukhari, Chairman Naya Pakistan Housing Authority Lieutenant General Anwar Ali Haider (retd), Chairman Board of Investment Zubair Gillani were present in the meeting, which was also attended by Egyptian Ambassador in Pakistan, Ahmed Fadel Yacoub.
Source: Pro Pakistani