Turkish company LIMAK shows interest to invest in Pakistan

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Turkish company LIMAK shows interest to invest in Pakistan

LIMAK a business group of Turkey has desired to explore the investment opportunities available in Energy, Infrastructure, Cement, Airport & Seaport Constructions and Management projects in Pakistan. 

This was stated by the CEO of M/s LIMAK Group Turkey Birol Erguven, accompanied by Serhat Dinc, Deputy General Manger of LIMAK Energy and A. Koray Ergun, International Projects Manger, LIMAK Construction who called on Dr. Miftah Ismail, Special Assistant to the Prime Minister / Chairman, Board of Investment, Islamabad.

After a brief introduction of participants, the Chairman, BOI, while addressing the meeting said that the Pakistan and Turkey enjoy a robust relationship in multiple fields. However, it is important to enhance volume of investment & trade between the two friendly countries. The Chairman, BOI assured to the Turkish delegation that he is available any time for any assistance and help needed to them.

Birol Erguven, informed that M/s LIMAK Group is one of the most significant business group in Turkey and presently they are keenly interested in Pakistan in energy / power, manufacturing, Highways, Bridges, Seaport / Airport construction, and Cement sectors. He informed that presently M/s LIMAK has been involved in four roads projects in Pakistan (Muslim Bagh-Qila Saifullah 50 KM section (N-50) Highway, Expansion of Sukker-Shikarpur-Jacobabad (ICB-5) N-65 Highway, 84.5 km of Hub-Uthal Section of National Highway, Qila-Saifullah-Zhob section of Highway (N-50) and has also been short-listed together with FWO in pre-qualification of Kuramm Tangi Dam.

N.A Zubari, Senior Executive Director, PPIB gave a very detailed presentation on Energy Policy and investment opportunities available in different power sector like power transmission lines, hydro, wind, coal, solar and thermal power projects etc. Syed Aqeel Hussain Jaffery, Director, Alternate Energy Development Board, has also given a detail presentation with facts and figures about the opportunities available in different alternative and renewable energy in Pakistan. Both the informative presentations were appreciated by the Turkish delegation.

Ian Afzal Cheema, Acting Secretary, Board of Investment at the end also apprised the delegation that the Government is plans to construct highway from Karachi to Multan which is one of the big infrastructure project and advised the delegation to look into this project for investment point of view, please. At the end the SAPM / Chairman, BOI thanked the delegation for showing their keen interest of investment in different sectors of Pakistan.

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