Turkey takes interest in setting up industrial units in Pakistan

By Special Correspondent

Islamabad: The Turkish delegation expressed its interest on Monday in setting up industrial units in Pakistan to start development activities to meet the needs of the construction industry, a press release issued by the Islamabad Chamber of Commerce and Industry (ICCI) said on Monday.

ICCI President Sardar Yasir Ilyas Khan briefed the visiting delegation on future business and investment prospects in the country’s real estate and construction sectors.

He said Pakistan was a major market with a massive demand for housing units and commercial buildings.

He said that the current government has announced a very attractive construction package to raise construction activities in the region, and it was the right time for foreign investors to explore Pakistan’s real estate and construction industry for joint ventures and investments.

He said that Turkish investors should bring technology and expertise and set up industrial units in Pakistan to capitalise on emerging investment opportunities in construction and other sectors that would also help to maximise economic growth and increase our country’s exports.

He assured that the ICCI will extend all possible assistance and facilitation to Turkish investors for joint ventures and investments in the region.

Speaking on the occasion, Turkey’s ADO Group President Mustafa SAK said that they had a huge investment opportunity in Pakistan and wanted to set up industrial units to manufacture construction materials and goods to meet the needs of the local construction industry.

They said that their cooperation with Pakistani counterparts would be beneficial to both countries.

He said that Pakistan and Turkey have worked to negotiate a preferential trade agreement with a view to significantly growing trade and investment, especially in transport, telecommunications, manufacturing, tourism and other industries, and hoped that its finalisation would further increase the amount of bilateral trade between the two countries.

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