Monday, June 17, 2024

43 Chinese Companies Ready to Invest In Gwadar SEZ: Chairman COPHC

The Chairman of China Overseas Ports Holding Company, Zhang Baozhong said that the special economic zone in which 43 Chinese firms will invest whereas 200 more firms have been registered for the purpose, have been completed.

The chairman stated that besides infrastructure and energy projects, many industries, such as textiles, chemicals, automobiles and mobiles, which will provide more job opportunities, will be set up in the Gwadar industrial zone.

Baozhong denied the reports that are being circulated in the media about barriers in the multibillion-dollar project. He stated that the work on CPEC is fully operational and there are no impediments as the “government of Pakistan is extending full cooperation”. 

“CPEC is a great economic project,” he added. “It is a sign of the bilateral relationship between Pakistan and China and a testament to our friendship.” 

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