September 24, 2023

Dubai Expo: 8 billion investment agreement in Khyber Pakhtunkhwa

Several investors from Dubai attended the group conference and expressed interest in investing in various projects.

: 8 billion investment

Khyber Pakhtunkhwa _ pic Mahmood Khan

The government of Pakistan’s Khyber Pakhtunkhwa province has signed more than 40 investment agreements worth 8 8 billion during the Dubai Expo.

The Dubai Expo is by far the largest event in the epidemic that will run until April 2022. 190 countries around the world are participating in this program.

Pakistan has set up a special pavilion at the Dubai Expo where investment opportunities, tourism sector and cultural aspects are highlighted.

During the expo, a conference on Khyber Pakhtunkhwa was attended by foreign companies and investors with keen interest in tourism, industry, infrastructure, food processing, livestock, energy and power and water sports theme parks in Swabi.

Addressing the conference, Khyber Pakhtunkhwa Finance Minister Timur Saleem Jhagra said that international organizations had signed 44 agreements worth 8 8 billion during Dubai Expo 2020.

The Finance Minister said that the government of Khyber Pakhtunkhwa has presented ready-made plans for the promotion of tourism on the occasion of Expo.

He said that Swat Expressway had been constructed earlier under public-private partnership and now it was being extended to other cities.

Several investors from Dubai attended the group conference and expressed interest in investing in various projects.

Khyber Pakhtunkhwa Chief Minister Mehmood Khan said in a tweet that agreements have been reached on tourism, energy, agriculture and other sectors.

The signatories include Antarctic Kuwait Investment Authority, Korea Hydro and Nuclear Power, Private Office of Sheikh Ahmed Dilmuk Al Maktoum, Samara Group, VR Group, Sigma Group, Malik Foms, Noble Future Land and others.

Timur Jhagra said the government plans to set up an Overseas Pakistan Council to facilitate investors, which is currently in the legislative stage.

According to Khyber Pakhtunkhwa Additional Chief Secretary Shehab Ali Shah, only those projects were presented at the expo which had a complete feasibility report and needed investors. He said that the government was ready to provide one window facility to the investors.

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