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Sindh govt to welcome Chinese firms to invest directly in projects of their choices
KARACHI: Sindh Chief Minister Syed Murad Ali Shah on Tuesday said that his government would welcome Chinese firms to invest directly in the projects of their choice or on a public-private partnership basis with the provincial government.
He said this during a meeting with a delegation of Chinese investors led by Belt & Road Group chairman Wan Xiaowu.
Mr Wan informed the CM that over 12 top Chinese firms were interested in investing in different projects in Karachi particularly the waste-to-energy, wastewater treatment, desalination plant, manufacturing of electric buses, manufacturing of kits to convert petrol motorcycles into electric energy and reconstructions of the city’s sewerage system, said a press release issued from the CM House after the meeting.
The CM said that his government would provide all necessary facilities to the Chinese firms to set up their plants.
Mr Shah and the Mr Wan agreed to have another sitting with the Planning & Development department and Board of Investment to select the project and negotiate so that work could be initiated.
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