Edotco planning to invest $250 million in Pakistan over next five years

Chairman Edotco Group said the company wanted to become a partner in Digital Pakistan Programme


ISLAMABAD: Malaysia’s Edotco Group is planning to further increase their investment to $250 million over the next five years in Pakistan’s tower infrastructure and telecommunication sector.

This is beside the already existing investment of $100 million in Pakistan by Edotco Group.

In a meeting on Friday with Prime Minister Imran Khan, Chairman Board of Directors Edotco Group Datuk Azzat Kamaluddin along with a delegation apprised of its intention to make an investment of $250 million over the next five years.

The delegation included Nik Ramlah Nik Mehmood, Board Member, Suresh Narain Singh Sidhu, CEO, and Arif Hussain, Country MD.

And High Commissioner of Malaysia Ikram Mohammad Ibrahim was also present during the meeting.

Chairman Edotco Group appreciated the vision of Prime Minister Imran Khan and the policies, being pursued by the present government, which had restored the confidence of investors.

He said that Edotco Group wanted to become a partner in Digital Pakistan Programme.

The prime minister while welcoming the delegation said that all possible facilitation would be provided to the company in the expansion of its business ventures in Pakistan.

He highlighted various steps being taken by the present government to improve the ease of doing business and ensuring an investor-friendly environment in the country.

Chairman Board of Investment (BOI) Haroon Sharif and Secretary BOI Ahmed Nawaz Sukhera were also present in the meeting.