Turkey’s ADO Group to invest in Pakistan’s real estate, construction industry

LAHORE: Turkish business giant ADO Group will invest in Pakistan’s construction and real estate industry, said Shafiq Akbar, Chairman of the Imarat Group of Companies, during an event held in Islamabad.

“Pakistan has great potential in the real estate sector and allied industries. We wish to work towards setting up industries to support the construction sector, which will in turn maximize economic growth,” he said.

ADO Group & Adopen President and Chairman Mustafa Sak on the occasion explained how this collaboration with Pakistan’s leading real estate group would prove to be fruitful for both Turkey and Pakistan.

Brick Plus Chairman Kamil Arslan, NG Kutahya Chairman Erkan Gural, Turkish Ambassador to Pakistan Mustafa Yurdakul, Senator Faisal Javed, Special Assistant to PM for Overseas Pakistanis and Human Resource Development Zulfikar Bukhari, SAPM on Youth Affairs Usman Dar, Industries & Production Minister Hammad Azhar, Export Area Manager Tony Perez, Spainish delegates, government officials and relevant heads from the business community were also present on the occasion.

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In his address, SAPM Usman Dar highlighted the potential of Pakistani youth and stressed the need to provide them with employment opportunities.

“Pakistan has one of the largest and most diverse youth populations in the world. It is a resource for all looking to invest in Pakistan,” he stated.

Meanwhile, Industries & Production Minister Hammad Azhar lauded Imarat Group for inviting foreign investment to Pakistan, which according to him would help boost localised industrialisation and in turn, the economy.

“Along with strengthening the bond shared between Turkey and Pakistan, this initiative will also help attract safe investments in Pakistan,” Azhar said.

During the event, all participants agreed that Pakistan has limitless potential, which must be tapped into and utilised for the good of all entities involved.

Pak-Turk relations have been known to be friendly yet strong, usually termed as ‘Kardeşler’ (brothers) in Turkish. Both nations have worked to negotiate a preferential trading agreement, aiming to considerably increase trade and investments, especially in transport, telecommunications, manufacturing, tourism and other industries, increasing their volume of bilateral trade.

 

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Hassan Naqvi
The writer is a staff reporter and can be reached at [email protected]
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