Egyptian businessmen $1bn investment plan welcomed by PM

ISLAMABAD: To pave the way for Egyptian investment and strengthen Pakistan-Egyptian economic ties, Prime Minister Imran Khan welcomed the interest shown by Egyptian companies in investing $1 billion in Pakistan.

The Egyptian investors and entrepreneurs coming to Pakistan will be fully facilitated, as a delegation of Egyptian investors from a company named El Sewedy Electric met with the PM and expressed its intention of investing $500 million in Pakistan’s energy sector.

Furthermore, it was revealed that Egyptian companies are keen to invest $1bn in Pakistan over the next year in the energy sector and Prime Minister’s Naya Pakistan housing scheme.

Along with Egypt’s Ambassador in Pakistan, Ahmed Fadel Yacoub, Special Assistant to PM on Information and Broadcasting Dr Firdous Ashiq Awan, Special Assistant to PM Syed Zulfiqar Abbas Bukhari, Chairman Naya Pakistan Housing Authority Lt. Gen (R) Anwar Ali Haider and Chairman Board of Investment Zubair Gillani were present in the meeting.

While addressing the health sector as well, PM Khan highlighted the vision of a disease-free Pakistan. He further said that there is a need to have enhanced Pak-Egypt cooperation in the area of healthcare. As the members of the delegation said that Egyptian companies are keen to invest in Pakistan’s housing, energy, health and other sectors.

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