Chinese investors to set up Industrial Park and Livestock Farm

ISLAMABAD: Ms. Xu Jingling, Director, Tianjin Building Materials Industry Association said that Chinese investors would set up an industrial park and livestock farm in Pakistan under CPEC projects. She said the industrial park would be established in Gwadar at an area of 2000 Kanal. She said the surplus products produced in the said industrial park would be exported to China. She said this while addressing business community at Islamabad Chamber of Commerce and Industry. She visited ICCI leading an 11-member delegation of Chinese entrepreneurs.

Ms. Xu Jingling said that the Chinese delegation has come to Pakistan to explore business partners for industrial park and livestock farm projects. She hoped that completion of these facilities in Pakistan would help in promoting Pakistan’s exports including its meat products. The delegation was representing various sectors including building materials & steel pipe fittings, steel fencing systems, engineering machinery, optical fibre cable, warehouse equipment and glass products.

Speaking at the occasion, Khalid Iqbal Malik, President, Islamabad Chamber of Commerce and Industry said that timely execution of CPEC project was vital for better economic future of Pakistan. He stressed that Chinese investors should explore maximum joint ventures with Pakistani counterparts in CPEC projects. He said many sectors of Pakistan’s economy including energy, infrastructure development, real estate and construction offered lucrative investment opportunities to Chinese investors. He said Pakistan also offered cheap labor and Chinese investors should set up industrial units in Pakistan.

Khalid Malik, Senior Vice President, Islamabad Chamber of Commerce and Industry, Mian Akram Farid, Zahid Maqbool and others also spoke at the occasion.