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Turkish Companies Interested to Invest in Allama Iqbal Industrial City

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Turkish companies want to invest in CPEC-based business opportunities and investment opportunities to the Allama Iqbal Industrial City, a special economic area prioritized by Faisalabad Industrial Estate Development and Management Company (FiedMC).

A Turkish delegation Tuesday visited the FIEDMC camp office and both sides discussed issues for improvement in various sectors and projects,” said a press release issued here.
FIEDMC Chairman Mian Kashif Ashfaq briefed the delegation and apprised them of the investment opportunities and incentive packages being offered to the investors.

He said that around Rs 400 billion foreign and local investments would be injected into various projects, which clearly indicate that investors had reposed complete confidence in the present regime. “Like many other countries, more than 25 Chinese companies had made agreements for investments in the industrial city,” he added.

They said that their purpose of visiting Pakistan was to study its market and find out local partners. They said that Turkey could cooperate with Pakistan in many fields and hoped that their current visit would be helpful in further improving bilateral trade and economic relations between the two countries.

Later, the delegation visited different parts of industrial city and expressed their satisfaction over the pace of development of various ongoing projects.

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