ISLAMABAD: A delegation of Turkish investors led by Yucel SIMSEK, Chairman, Board of Director of Yuceser Construction LLC, Istanbul visited Islamabad Chamber of Commerce & Industry and showed interest for JVs and investment in construction, infrastructure development and other sectors of Pakistan’s economy. Sadik Kaya of M/s. Hidrokon, Fawad A. Kurd of M/s. Krazor and others were in the delegation.
The Turkish delegation said that the Prime Minister of Pakistan Imran Khan during his visit to Turkey had highlighted potential areas of investment in Pakistan including construction of 5-million houses and they have come to study Pakistani market for business opportunities. The delegation said that Turkey was 2nd in the world in constructing high class buildings and 55000 members of Istanbul Chamber of Commerce were related to construction sector that were taking interest in Pakistani market. The delegates said that they could contribute in Pakistan in many areas including building of roads, villas, high rise towers etc. They said India has attracted good investment from Turkey while Pak-Turkey bilateral trade was on the decline and stressed that both countries should develop close business relations to achieve mutually beneficial outcomes.
Speaking at the occasion, Ahmed Hassan Moughal, President, Islamabad Chamber of Commerce & Industry informed the Turkish delegation that Pakistan’s construction sector offered huge potential for JVs and investment. He said that rising population of Pakistan has created great demand for commercial and residential buildings and infrastructure development in urban as well as rural areas. He said tourism was another potential area for investment and JVs for Turkish investors as the current government was giving lot of focus to promote tourism. He said the government has also launched Naya Pakistan Housing Program to build 5-million houses for low income people in the country and it was a good opportunity for Turkish investors to invest in Pakistan for lucrative results.
Rafat Farid Senior Vice President and Iftikhar Anwar Sethi Vice President, Islamabad Chamber of Commerce & Industry said that Pakistan and Turkey enjoyed historical bonds of friendship and Pakistanis would prefer Turkish investors to invest in Pakistan in all potential areas. They said that the Government of Pakistan has made investment friendly policies and being citizens of friendly Muslim country, Turkish investors should take full benefit of these incentives by maximizing their investment in Pakistan.
