Prime Minister Shaukat Aziz has said that a UAE company will make investment to set up a Mercedes trucks assembly plant in Pakistan. He said this while briefing newsmen in the plane, about his meetings with the German Corporates in Frankfurt, after leaving for Berlin from Frankfurt. The meetings were organised by the Deutsche Bank.
The Prime Minister said that representatives of German company Daimler Chrysler (Mercedes-Benz) has told him that they are in contact with a UAE company, and soon the local partners in Pakistan, Daimler Chrysler and the UAE company would start work on the feasibility of the project.
Shaukat said that Pakistan is investing more in order to develop the infrastructure, which is the main engine for economic growth. The investors are realising that with improved infrastructure there would be more freight movement. Thus trucking lines would be established and that is why Mercedes is planning to establish a truck assembly plant in Pakistan with investment from UAE company.
The Prime Minister said that he had asked the Deutsche Bank to increase its capital in Pakistan to expand its operations, to which, he said, Juregen Fitschen, member, executive committee of the Bank, agreed.
He said that he had also met with the representatives of MTU Engineering and discussed co-operation in defence and security equipment and other engineering sectors.
He said he also met Helmet Schopf, President of Raytheon, the company involved in engineering, air engines, turbines and energy generators, for establishing working relations with Pakistan, specially in the fields of 'Alternative Energy' producing mechanism, in which Germany is the leader.
He said that he also met Dr Bernd from GTZ, the German government arm that provides technical assistance for vocational training and technical skills development.
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