Islamabad, 17 (INP): The Government of Khyber Pakhtunkhwa (KP) on Sunday signed 44 memorandums of understanding (MoUs) worth US$ 8 billion with International investors in different sectors during an investment conference held in Dusit Thani, Dubai, United Arab Emirates.

According to Gwadar Pro, the conference was organized during the month of KP at Expo 2020 Dubai, to invite foreign investors to invest in the province, known as the “land of opportunity”.

January is the month of KP at the Pakistan Pavilion at the ongoing Expo 2020 Dubai. The investment groups that have signed MoUs include Enertech-Kuwait Investment Authority (KIA) Korea Hydro & Nuclear Power (KHNP), Private Office of Sheikh Ahmed Dalmook-Al- Maktoum, Samara Group, VR Group, Sigma Group, Malik Foams, Nobel Future Land, InfraCo Asia and others. The investors have signed the MoUs to develop food-processing zones, integrated tourism zones (ITZ), Solarisation of Economic Zones, Construction of Transmission Lines across KP, agriculture and livestock sectors. Out of the 44 MoUs, 11 were signed between Khyber Pakhtunkhwa Economic Zones Development and Management Company (KPEZDMC) and foreign investment companies.

A tripartite MoU was signed between Pakhtunkhwa Energy Development Organization (PEDO), InfraCo Asia (from Singapore) and KPEZDMC for polarization of All Economic Zones in KP. The Government of KP and KPEZDMC and the China Road and Bridge Corporation (CRBC) are developing RSEZ, which is the flagship project of China Pakistan Economic Corridor (CPEC). “The successful investment conference in Dubai marks an era of progress and opportunities in the KP,” Chief Minister Mehmood Khan said in a statement. KP holds a strategically important position. The main CPEC route between Gwadar Port and Khunjerab Pass passes through the Hazara division of the KP.

Rashakai SEZ is being developed in the Nowshera district of KP while the provincial Government is going to include several other projects in CPEC.

INP/javed