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Sunday, October 2, 2022

Khyber Pakhtunkhwa Government Attracts $8 Billion Investment at Dubai Expo

The Government of Khyber Pakhtunkhwa have attracted $8 Billion Investment at Dubai Expo. The Government of KPK have signed memorandums of understanding (MoUs) with 44 international investment companies at the Dubai International Expo 2020.

Expo 2020 is a World Expo that is being held in Dubai, United Arab Emirates. The Expo was started on October 1, 2021 and will be completed on March 31, 2022. Due to the COVID-19 pandemic, the event was rescheduled from 20 October 2020 to 10 April 2021. Despite the postponement, the Expo 2020 was retained for marketing and branding purposes and currently is in progress.

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Pakistan is attracting investors from all over the world to invest in Pakistan. Fresh deals are projected to contribute an overall investment of more than $8 billion in various sectors after the necessary formalities are completed The investment will boost the economy and also will improve the reputation of Pakistan industry. Several Pakistanis living in the United Arab Emirates were drawn to invest in KPK projects because of its integrated tourism zones, water sports in the Hund region of Swabi district. Other areas that attracted investors are areas of energy and power, food processing, cattle, and infrastructure.

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The Kuwait-based Enertech-Kuwait Investment Authority (KIA) would invest $120 million in the installation of a hydrogen power plant under the provisions of the MoUs, according to an official release. It will use water to generate hydrogen, which will be carried in containers and used to generate energy to handle the energy issues in the county. Furthermore, KIA has inked another MoU for a $2700 million investment in Khanpur’s long-term development.

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The Lower Spath Gah project will get $1,200 million from the Korea Hydro and Nuclear Power Company. (This company’s subsidiary is the Korea Electric Power Corporation). These energy projects will give a boost to the country industry and will handle the energy shortages in Pakistan.

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