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Top News

Turkish company keen to invest in Pakistan

Published February 11, 2014 Updated February 11, 2014 12:42pm

imageISLAMABAD: Turkish company, LIMAK Group has shown great interest in investing in various sectors of Pakistan's economy.

"M/s LIMAK Group is keenly interested in Pakistan in energy, manufacturing, highways, bridges, seaport, airport construction, and cement sectors," Chief Executive Officer of the Group, Birol Erguven said here Tuesday during a meeting with Special Assistant to the Prime Minister and Chairman, Board of Investment, Dr Miftah Ismail.

Birol Erguven was accompanied by Deputy General Manger of LIMAK Energy, Serhat Dinc and International Projects Manger, LIMAK Construction, A.Koray Ergun.

The LIMAIK Group delegation is in Pakistan to explore the investment opportunities available in various sectors particularly energy, infrastructure, cement, airport and seaport constructions and management projects.

Ergun informed that presently LIMAK Group has been involved in four roads projects in Pakistan including Muslim Bagh-Qila Saifullah 50 KM section (N-50) Highway, Expansion of Sukker-Shikarpur-Jacobabad (ICB-5) N-65 Highway, 84.5 km of Hub-Uthal Section of National Highway, Qila-Saifullah-Zhob section of Highway (N-50).

The Group has also been short-listed together with Frontier Works Organization in pre-qualification of Kuramm Tangi Dam.

Speaking on the occasion, the Chairman, BOI said that the Pakistan and Turkey enjoy a robust relationship in multiple fields.

"However, it is important to enhance volume of investment and trade between the two friendly countries," he said and assured the Turkis delegation of his full support.

On the occasion, N.A Zubari, Senior Executive Director, Private Power and Infrastructure Board (PPIB) gave a very detailed presentation on Energy Policy and investment opportunities available in different power sector like power transmission lines, hydro, wind, coal, solar and thermal power projects.

Syed Aqeel Hussain Jaffery, Director, Alternate Energy Development Board, also gave a detail presentation about the opportunities available in different alternative and renewable energy in Pakistan.

Acting Secretary, Board of Investment, Imran Afzal Cheema on the occasion apprised the delegation that the government plans to construct highway from Karachi to Multan which is one of the big infrastructure projects and advised the delegation to look into this project for investment point of view.

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