Khyber Pakhtunkhwa

KP signs MoU worth $8bn with investors at Dubai Expo

KP signs MoU worth $8bn with investors at Dubai Expo

Khyber Pakhtunkhwa (KP) has signed 44 MoUs worth $8 billion for investment in various sectors with foreign investors at the Dubai Expo

PESHAWAR: The Khyber Pakhtunkhwa (KP) has signed 44 MoUs worth $8 billion for investment in various sectors with foreign investors at the Dubai Expo.

The officials said that the MoUs were signed in fields of Integrated Tourism Zones, water sports facility in Swabi, energy and powers, infrastructure, food processing and livestock development. According to KP finance minister Taimur Saleem Jhagra the provincial government has presented the already prepared projects in Dubai expo to attract foreign investment and promote KP’s tourism sector.

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He said, “KP was the first province to complete Motorway to scenic Swat Valley with its own resources under the Public Private Partnership.”  The minister added that after Swat, the province is going to build Peshawar – Dera Ismail Khan motorway. He also claimed that the Rashkai Special Economic Zone will be the center of exports in Pakistan.

Jhagra said that KP government has informed the foreign investors about the tourism projects and investment facilities in the province and attracted $8 billion investment by signing 44 different MoUs. “The KP pavilion has paved the way for multi billion dollars investment in the province,” Jhagra said.

The minister furthered that there is an ample scope for setting up of power projects in the province. “Through the Dubai expo, international firms were informed to invest in the province which paved the way for investment in the province.”

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Additional Chief Secretary KP Shehab Ali Shah the government is ready to provide all possible support at the administrative level.  “We have presented projects at the expo, whose feasibility reports are complete, all they need to do is invest in them,” Shah said. He added that there are many sectors including tourism, power and energy, agriculture, livestock in which investors can benefit by investing as the government is ready to provide all possible facilities to investors through one window operation.

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