Peshawar: The Khyber Pakhtunkhwa (KP) government on Sunday (January 16) announced the signing of 44 Memorandum of Understanding (MoUs) worth USD 8 billion, news sources reported. These agreements were signed during the Dubai International Expo-2020, where investors showed great interest in fields of tourism, Integrated Tourism Zones (ITZs), Water Sports Theme Park in Hund, Swabi, industries, energy and power, infrastructure, food processing livestock and other sectors.
It was highlighted that many Dubai based investment firms and groups including; Samara Group, Mazaya Group (EGI), Jannat & A.J Group, Almasa Group have shown their interest in the development of the province’s tourism and industrial sector. Speaking at the investment forum KP Minister Taimur Salim Jhgara said that the provincial government has established the province’s first Special Economic Zone (SEZ) in Rashakai that will enhance industrialization and improve job availability. Similarly, it was also said that the provincial government is also conducting a survey for the Integrated Tourism Zone (ITZ) with the help of a Malaysian firm and World Bank (WB) that will promote the tourism industry of KP.
It is important to remember that the KP has kickstarted a week-long tourism-focused event at the Pakistan Pavilion of Dubai Expo 2020 to highlight investment opportunities available under the KP government’s vision for 2030.
Nauman Ahmad is an imaginative Pisces whose love for literature and nature is unparalleled. When he's not reading or hiking, he's sleeping and eating, which gives him plenty of energy for his next adventure.
