Egyptian companies lauded for investing in Pakistan’s economy

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ISLAMABAD: Board of Investment (BoI) Chairman Zubair Gilani said on Tuesday that Islamabad welcomed the interest shown by Egyptian companies to invest $1 billion in Pakistan, adding that it would help enhance economic relations between the two brotherly countries.

“There were a series of meetings taking place between BoI officials and Egyptian delegates wherein different investment options came under discussion. We are very optimistic that this will bring new jobs to Pakistan,” he said in an interview with Arab News.

Gilani noted that Egyptian companies were interested in the construction sector, as representatives of Al Suwaidi Group discussed different projects related to that area earlier this month.

“We can cooperate with each other in the construction sector since this group has a good reputation for building low-cost housing schemes. Egyptians have also shown interest in livestock, halal food, and agriculture sectors, so we are ready to facilitate them,” he added.

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