Chief Minister Sindh Invites South Koreans to Invest in Sindh
Karachi: AS a part of SBI’s initiatives to promote Sindh as an ideal destination, SBI has planned to organize series of Road shows for which investment and trade delegations are being formed to visit different countries.
SBI successfully organized its first trade delegation visit to the Republic of Korea from 17th May to 21st May, 2011. The delegation was led by the Honourable Sindh and was accompanied with Ambassador of Korea in Pakistan H.E, Choongjo Choi, Advisor to CM Sindh on Investment, Mr. Mohammad Zubair Motiwala, Secretary Investment Mr. Mohammad Younus Dagha, High level Provincial Government’s officials and leading Businessmen and Business Houses of the country like Engro, Al-Tuwairqi and others relevant sectors to participate in Korea International Trade Fair ( KOIF) 2011 with the aim to showcase the potential wealth of the province and to attract foreign investment in different sectors of economy.
The CM Sindh, Syed Qaim Ali Shah has invited Korean investors to come forward and invest in Sindh, which is the heart of country’s economy and having huge business potential. Speaking at the Sindh Investment Seminar 2011 at Seoul organized in collaboration with the Pakistan embassy in Seoul and Korea Chamber of Commerce and Industry, Qaim said that people of Pakistan are looking forward to benefit from Korean expertise. The seminar was largely attended by the Korean Businessmen who took great interest in the investment Opportunities available at Sindh. He further stated that Sindh possesses many natural resources including vast area full of coal reserves in Thar area which are being utilized for development and progress.
Advisor to CM on Investment, Mr. Mohammad Zubair Motiwala in his speech highlighted that Pakistan continued to remain a destination of choice among foreign investors despite deteriorating law and order situation and the investors never faced any loss in their businesses. He also thanked Korean Chambers for organizing a successful investment seminar. The Secretary Investment, Mr. Mohammad Younus Dagha in his presentation highlighted the Wind Energy sector, Mass Transit, Infrastructure development of Karachi Education City which are being enthusiastically pursued by the Sindh Board of Investment and other related sectors of economy.
The Secretary Coal gave a detailed presentation to the Korean Businessmen and invited them to join hands in developing Thar coal reserves which can rid the country of its economic woes. Secretary Livestock and Fisheries Sindh, Laiq Ahmed Memon considering the Korean expertise in Aquaculture and Processing presented investment Opportunities that are being offered by the Government of Sindh.
DG Public Private Partnership Unit, Sohail Rajput gave presentation on various projects which are being offered by the Government of Sindh under PPP mode of investment in setting up LNG terminal at Port Qasim. After B2B meetings with various companies participated in KOIF-2011, SBI signed a Memorandum of Understanding (MoU) at Seoul with Korean Importers Association (KOIMA) in order to boost exports from Sindh. The MoU was inked by the Secretary investment on behalf of the Sindh Government while the Korean Importers Association represented by its Chairman.
For more information, contact:
Sindh Board of Investment
Government of Sindh
1st Floor, Tower B, Finance and Trade Centre