Turkish investors keen to supporting Pakistan’s construction sector
Turkish investors have shown interest in establishing industrial units in Pakistan to support the country’s construction industry.
The delegation of Turkish companies, who visited the Islamabad Chamber of Commerce and Industry (ICCI), said that the collaboration with Pakistani counterparts would be beneficial for both Pakistan and Turkey.
Mustafa Sak, President, ADO Group, Kamil Arsalan, Chairman of the Board, Bricks Plus and Mustafa Orhon, Area Manager, NG Kutahya Seramik Porselen Turizm were part of the delegation. Shafiq Akbar, Chairman, Imarat Group of Companies also accompanied the Turkish delegation. M. Ejaz Abbasi former President ICCI, Ch. Naseer, Aslam Khokhar and others were also present at the occasion.
Welcoming the Turkish delegation, Sardar Yasir Ilyas Khan, President of ICCI briefed them about the potential business and investment opportunities in Pakistan’s real estate and construction sector.
“Pakistan was a big market with huge demand for housing units and commercial buildings,” he said. Pakistan’s current government has announced an attractive construction package to boost construction activities in the country, offering foreign investors the perfect opportunity to explore Pakistan’s real estate and construction industry for joint ventures (JVs) and investment. He assured that ICCI’s all possible assistance and facilitation to Turkish investors for JVs and investment in Pakistan.
Experts urged Turkish investors to “bring technology and expertise and set up industrial units in Pakistan to capitalize on the emerging investment opportunities in construction” as well as other sectors to help maximize economic growth and increasing exports of our country.
Mustafa SAK, President, ADO Group said that they have seen “huge potential for investment in Pakistan” and were keen “to set up industrial units to produce construction material and products to meet the needs of the local construction industry.”
Pakistan and Turkey have worked to negotiate a preferential trading agreement, aiming to considerably increase trade and investments, especially in transport, telecommunications, manufacturing, tourism and other industries, he said hoping that its finalization would further increase the volume of bilateral trade between the two countries.
Shafiq Akbar, Chairman of Imarat Group of Companies, said that their company was working to bring more investors from Turkey to Pakistan that would not only benefit them, it would also further strengthen the bonds of friendship between Turkey and Pakistan.
Ms. Fatma Azim, Senior Vice President and Abdul Rehman Khan, Vice President ICCI thanked the Turkish delegation for visiting ICCI and hoped that their investment in Pakistan would encourage more Turkish investors to tap Pakistani market for JVs and investment.