Chinese Firms Keen to Invest $1.4 Billion in Sindh’s Key Sectors
- Abeera Marium Siddiqui
- December 13, 2024
- 5:29 pm
- 30
- Current Affairs
Chinese companies are set to invest $1.4 billion in Sindh, focusing on key areas like healthcare, agriculture, transport, and energy. This announcement was made during the Sindh Investment Conference, which highlighted the province's potential for international investment. Delegations from over 50 companies participated, with 12 firms already taking part in the first phase of investments.
$1 Billion Medical City in Dhabeji
A major portion of the investment—$1 billion—will fund a Medical City in Dhabeji. The project will cover 300 acres and will include research and training facilities, pharmaceutical production units, and surgical equipment manufacturing. It will also involve a full transfer of technology to Pakistan. The project will be completed in three phases over seven years, with the first phase expected to finish in 2.5 years.
Boosting Food Exports
Chinese firms plan to enhance Pakistan’s food export sector by focusing on beef, mutton, and seafood exports. China currently imports $105 billion worth of food annually, mainly from Brazil and Argentina. By partnering with Pakistan, this trade volume could grow by $5 billion in the next two to three years.
Transforming Transport
Sindh’s transport system will see significant upgrades. Plans include introducing 200 electric buses and 10,000 taxis to modernize urban transport. Discussions are also underway for a high-speed train linking Karachi to Sukkur. The train could cut travel time between the two cities to just 2.5 hours, improving regional connectivity.
Expanding Energy Access
Chinese companies will manufacture 2.1 million solar panels with capacities ranging from 2 to 5 kilowatts. These panels will be distributed to underprivileged communities through the Sindh government. It is focused on addressing the energy shortages and providing electricity to remote areas.
Fertilizer Production in Thar
In Thar, a Chinese company will establish a fertilizer production plant using advanced coal-powered technology. The production plant will spread across 200 acres. The facility aims to help meet the growing demand for fertilizers and boost agricultural productivity.
Sindh’s Investment Potential
Sindh offers a strategic location, abundant resources, and a business-friendly environment for foreign investors. Special Assistant to the Chief Minister, Syed Qassim Naveed Qamar, said, “Sindh offers unmatched opportunities for investment with its strategic location, abundant resources, and commitment to sustainable industrial growth.”
Sindh offers a strategic location, abundant resources, and a business-friendly environment for foreign investors. Special Assistant to the Chief Minister, Syed Qassim Naveed Qamar, said, “Sindh offers unmatched opportunities for investment with its strategic location, abundant resources, and commitment to sustainable industrial growth.”
