Omani investors expressed interest in funding Pakistan’s power and railway infrastructure development projects.
In Islamabad, Chaudhary Salik Hussain, Minister for the Board of Investment, met with a team of Omani investors led by Dr. Anwar Al Balushi of Al Anvwar Asian Investments to exchange ideas on potential investments.
Investors expressed a strong interest in the building of the 1,087-kilometer rail route from Gwadar to Jacobabad, Sindh, in accordance with the contract proposal.
Anvwar Asia Investment Company, a well-known global leader in project finance facilitation, and Pakistan Railways inked a memorandum of agreement at the start of this year.
Railcop provided assistance with a project feasibility report.
According to reports, Pakistan Railways struck a deal with an investment company from Oman following a thorough conversation. This week, Pakistan Railways will receive the first $500 million in funds for the building of railway lines.
For the implementation of other projects in Pakistan, the investors also provided loan finance.
Additionally, Chaudhary Salik Hussain promised the Omani investors complete help and collaboration to smooth and expedite the process of their investment in Pakistan.
The project is expected to cost Rs 1.2 trillion in total.
The China-Pakistan Economic Corridor (CPEC) aims to use roads, trains, and pipelines to transport oil and gas from Pakistan’s Gwadar port to China’s Xinjiang province.
According to the feasibility analysis, the nation’s present railway infrastructure is not prepared to handle the enormous strain that will likely be created once the CPEC projects are finished.
To read our blog on “The first test flight at the new Gwadar International Airport will take place in December,” click here.
