ISLAMABAD: A Chinese aerospace firm has expressed interest in investing up to $10 billion in various sectors in Pakistan, the information ministry in Islamabad said on Thursday.
China is a major ally and investor in Pakistan and has pledged over $65 billion in investment in road, infrastructure and development projects under the China-Pakistan Economic Corridor (CPEC), besides several Chinese private sector manufacturers undertaking joint ventures in the South Asian country.
Pakistan offers significant investment potential owing to its strategic geographic location connecting South Asia, Central Asia, and the Middle East, a large consumer market of over 240 million people, and a young and dynamic workforce. The country also provides attractive incentives for investors.
On Thursday, officials of the Aerospace Development Industry Investment Group Co. of China met with Pakistan’s Board of Investment Minister Qaiser Ahmed Sheikh to discuss investment opportunities and potential avenues in the country, according to the Pakistani information ministry.
“They informed that Aerospace Development Industry Investment Group is an international investment group with an AAA corporate credit rating, engaged in strategic industrial investments in areas including advanced technologies, aerospace development, artificial intelligence, electric vehicles, drone technologies, and energy projects,” the ministry said.
