Sindh attracts $1.4 billion Chinese investment across healthcare, agriculture, and energy

ISLAMABAD: More than 50 Chinese companies are gearing up to invest $1.4 billion in Sindh, focusing on key areas like healthcare, agriculture, energy, and fertilizers.

The announcement came after the Sindh Investment Conference, where Meng Xiaowei, leading a Chinese delegation, and Muhammad Idrees Gigi, CEO of Global Ventures, shared the news.

The event organised in partnership with the Sindh government, attracted interest from Chinese companies eager to tap into Sindh’s potential. Delegates from 12 firms attended the initial phase, and the Sindh government assured full security to ensure a smooth investment process.

According to Business Recorder, a cutting-edge Medical City will be built on 300 acres with a $1 billion investment. This facility will include research centers, pharmaceutical production, and surgical equipment manufacturing, with the first phase expected to complete in 2.5 years.

Chinese companies are eyeing Pakistan’s potential to export beef, mutton, and seafood. With China spending $105 billion on food imports annually, there’s a real opportunity for Pakistan to tap into this market, potentially reaching $5 billion in exports in a few years.

Plans are in place to introduce 200 electric buses, 10,000 taxis, and high-speed train connecting Karachi and Sukkur cutting the journey time to just 2.5 hours.

Projects include a coal-powered fertilizer plant in Thar and producing 2.1 million solar panels, which will be distributed to underprivileged communities.

In agriculture, Chinese companies will invest in modern techniques to boost productivity. President Asif Ali Zardari met with the Chinese delegation, pledging full cooperation and strengthening the investment partnership.

Government officials underscored Sindh’s strategic location, transparency, and commitment to driving industrial growth, welcoming more Chinese investors in the coming months.

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