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Chinese entrepreneurs keen for joint ventures in construction and real estate in Pakistan

A Chinese delegation of Qingdao City led by Vice General Manager Zhongzhi Architectural Decoration Co Limited Wang Zhaoming visited Islamabad Chamber of Commerce and Industry to explore opportunities of joint ventures and business partnerships in the field of construction, building materials and real estate sector with Pakistani counterparts.

Speaking at the occasion, Wang Zhaoming said that they had come to Pakistan in pursuits of the objectives of China’s One Belt One Road project. He said that Chinese delegation had already visited Lahore and observed good potential for Chinese investors in Pakistan’s building material, electronics and textiles sectors. He said that Chinese entrepreneurs were looking for serious partners in Pakistan to enter into joint ventures in building material, construction, real estate and other sectors for further strengthening bilateral cooperation between China and Pakistan. He also invited Islamabad Chamber of Commerce and Industry (ICCI) delegation to visit Qingdao to explore business opportunities. The delegation was representing real estate and construction sectors.

President Islamabad Chamber of Commerce and Industry Khalid Iqbal Malik in his welcome address said that CPEC has opened new horizons of long term cooperation between China and Pakistan. He stressed that Chinese investors should explore maximum joint ventures with Pakistani counterparts in CPEC projects. He said that many sectors of Pakistan’s economy including real estate, construction, building materials, energy and infrastructure development offered lucrative investment opportunities to foreign investors and urged that Chinese investors should bring technology and machinery to Pakistan to set up industrial units.

Senior Vice President ICCI Khalid Malik welcomed the Chinese delegation to ICCI and hoped that their visit would lead to materialization of lucrative business deals between the private sectors of both countries.

Ramiz Imtiaz
Linkers Realty
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