Published On: Fri, May 3rd, 2019
Published in Category: Lahore

SAUDI INVESTORS ANNOUNCES TO INVEST IN PUNJAB IN CHEMICAL INDUSTRY

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LAHORE: A high-level delegation of investment companies of Saudi Arabia called on Punjab Minister for Industries & Trade Mian Aslam Iqbal at Punjab Board of Investment & Trade here today. Saudi delegation announced to invest in chemical industries in Punjab. Saudi investors will setup Soda Ash plant and will invest 5-million dollars in first phase. This plant will be established at land of 150 acres. The delegation was informed about the investment opportunities in Punjab and CEO Punjab Board of Investment & Trade (PBIT) Jahanzeb Brana briefed the delegation. Saudi investors said that there is vast potential of investment in Pakistan specially in Punjab and Punjab can be proved best market for foreign investors. Skilled human resource of Punjab can make it ideal for investment. Our group will make investment in the products prepared by Soda Ash which will create new job opportunities here. While talking to Saudi delegation, Provincial Minister said that there is vast opportunities of investment in agriculture, tourism, construction and others sectors in Punjab.

Investment-friendly atmosphere has been present and special incentives are being given to foreign investors. Punjab government has already announced tax holidays for accelerating industrial process. He said that without giving special incentives and best facilities to investors, the target of investment cannot be achieved. That is why Punjab government is providing best facilities to local and foreign investors. To come in a large number of foreign investors in Pakistan is a clear proof of confidence on the economic policies of Prime Minister Imran Khan. Mian Aslam Iqbal has said that we welcomed the investment of Saudi investors and will provide every possible facility to them. Ghassan Mashal was leading the delegation while higher authorities of Saudi companies were included in the delegation.


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