Investors of turkey have shown interest in supporting the construction industry by setting up industrial enterprises in Pakistan.
Turkish companies’ delegates that visited the ICCI (Islamabad Chamber of Commerce and Industry) stated that cooperation with Pakistanis would be advantageous for Turkey and Pakistan.
The delegation included Mustafa Sak, Mustafa Orkhon, Chairman of ADO Group, NG Kutahya Seramik Porselen Turizm, Kamil Arslan, District Manager, and Chairman Bricks Plus. The Turkish delegation was also accompanied by Chairman of Emirates Group of Companies, Shafik Akbar, Mr. Ijaz Abbasi, and former president of the ICCI was visited by Aslam Khokhar, Nasir, and others.
President of ICCI, Sardar Yasir Ilyas Khan, welcomed the Turkish delegates and instructed them on potential investment and commercial opportunities in Pakistan’s construction and real estate industry.
He said, “Pakistan has been a large market with strong demand for commercial and residential structures.” The present government of Pakistan has announced a special construction package to spur its construction activity, providing foreign investors with an ideal opportunity to discover Pakistan’s construction and real estate industry for investments and joint ventures. He stressed that the Islamic Chamber of Commerce and Industry provides all possible help and opportunities to Turkish investors to do investments and joint ventures in Pakistan.
The experts called on Turkish investors to set up industrial units and bring expertise and technology to Pakistan to take advantage of the new investment opportunities in construction. In addition to other sectors to help in enhancing economic growth and exports of Pakistan.
President of ADO Group, Mustafa SAK, said that there is great investment potential in our country and that they are interested in setting up industrial units that will increase the production of all the products and construction material required to meet the demands of our construction industry.
He said that Pakistan and Turkey were working on negotiating a preferential trade agreement to significantly increase investments and trade, especially in tourism, transport, manufacturing, communications, and others, expressing the hope that its completion will increase bilateral trade between Turkey and Pakistan.
Lastly, Vice President of the Islamic Chamber of Commerce and Industry, Abdul Rahman, and Senior Vice President, Ms. Fatima Azim thanked the Turk delegates for visiting the Islamic Chamber of Commerce and said that the Turks investment would encourage more investors from Turkey to take advantage of the Pakistani market for investments and joint ventures.