Lahore, November 17, 2016 (PPI-OT): Chinese Investors have evinced keen interest to build a mega construction and building shopping Mall to revamp the construction sector of Pakistan in line with modern construction practices employed in developed world. The interest was expressed by a 7 member delegation of Chinese investors representing Shandong SKL International trade limited led by Mr. Shanfeng Xu in a meeting with Pak China Joint Chamber of Commerce and Industry (PCJCCI) today at PCJCCI premises.
Mr. Wang Zihai, President PCJCCI delivered address of welcome to the delegation. Whereas Mr. Ahmad Faheem Khan Senior Vice President and a number of the Executive Committee Members of PCJCCI were also present on this occasion. The purpose of this primary visit was to select the site for this mega project equipped with all ultra-modern construction and building development equipment and technology.
The delegation was of the view that construction style in Pakistan is conventional and energy inefficient. The delegates expressed that their highly energy efficient construction technology and style could save construction and energy cost in Pakistan by up to ten times. The delegates said they were utilizing solar and geothermal energy in building structures which maintained comfortable temperatures, both in summer and winter seasons.
In his address of welcome, PCJCCI President, Mr. Wang Zihai briefed the delegates about investment opportunities in Pakistan regarding this particular sector. He said construction is a booming sector in Pakistan as many big residential, industrial and commercial construction projects are underway in major cities of the country. He said China-Pakistan Economic Corridor has started a new era of construction of mega projects in Pakistan and it is high time that more Chinese investors should explore Pakistan for investment and joint ventures.
Mr. Fahim, speaking on this occasion, highly appreciated the idea of establishing Model Construction shopping Mall by Chinese. He told that Housing and Construction Sector had been identified by the Government of Pakistan as the driver of economic growth that is quite encouraging for foreign investors. He said that such a Mall will bring all modern equipment under one roof.
This sector has a gigantic impact on economy as millions of jobs can be generated during the chain reaction process of construction activity in the economy that have snowball effects in allied industries such as cement, iron, steel, timber and wood, marbles, tiles and stones, electrical and sanitary works, glass, paints and varnishes, electrical lightning, power and gas, horticulture, interior decoration, transport, light-heavy construction machinery, plastics, fibers, furniture, electrical appliances, and many more, he added.
Head of the visiting delegation Mr. Shanfeng Xu stated that China is keen to develop infrastructure facilities in Pakistan and the development of infrastructure is all related with the construction industry. He said that in order to nurture this industry, China has planned to inculcate modern trends of construction and housing among the common masses, he said that with the involvement of general public the trends and standards of modern construction will start to flourish and radiate in other segments of society.
He said, “We are fully confident that the future of China-Pakistan relationship is broad and bright. We’d like to work with Pakistan with unremitting efforts to translate the grand blueprint formulated by our leaders and our shared dreams into reality in the years to come,”. The Delegates expressed gratitude for providing a detailed overview of the construction sector of Pakistan. Delegation further visited various state of the art Shopping Malls such as Emporium Mall, Mall of Lahore and Hyperstar for having an idea of current trends of Shopping Malls in Pakistan.
For more information, contact:
Pakistan China Joint Chamber of Commerce and Industry (PCJCCI)
Mega Tower, 309 – 6th Floor,
Main Boulevard, Gulberg II,
Lahore, Punjab – Pakistan
Tel: +92-42-35777460-02, +92-42-37032203, +92-42-35874353