Lahore – A Memorandum of Understanding (MOU) has been signed between a Chinese company, Shandong Ruyi Group and Punjab Government for the development of an Apparel Park in Sheikhupura.
The Chinese company will invest an amount of $2 billion for the development of project and it will also provide support for designing and constructing the Apparel Park. Punjab Industrial Estates Development and Management Company (PIEDMC) and Shandong Ruyi Group will work jointly on this project.
The Chinese group also showed interest in investing in the energy sector for setting up coal power plants in the country.
