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European investors must take advantage of CPEC: Swiss envoy

European investors must take advantage of CPEC: Swiss envoy




RECORDER REPORT

ISLAMABAD: The China-Pakistan Economic Corridor (CPEC) offers huge investment opportunities and European investors need to take advantage from opportunities and make investment in the game changer project.

Speaking at a media briefing here on Tuesday, Swiss Ambassador to Pakistan Marc P George and President of Swiss Business Council Farhat Ali stated that the European investors must grab this opportunity. They said that the perception that this is a Pakistan-specific project has now started changing with foreign investors are viewing it beyond Pak-Chain and Regional project as it would provide connectivity to Europe.

The Swiss ambassador said that he is a great advocate of Pakistan in his country as well as among European diplomats. He said this is good time to start discussing the project and how the Europe can benefit from it.

Farhat Ali said that there are opportunities to European investors in energy, oil and gas as well as in construction, pharmaceutical and other sectors. He said that all fields are open for European investors. He said that CPEC would prepare Pakistan for economic betterment and despite security concerns, foreign investors, especially from European countries, are ready to invest in the CPEC.

He maintained that there is considerable improvement in security perception and Swiss Business Council has been able to bring six small and medium enterprises (SMEs) from Switzerland to Pakistan and will bring six more in 2017. He said that China-Pakistan Economic Corridor (CPEC) will usher in economic and social development of Pakistan and the region.

Farhat Ali further stated that European companies put together are the largest foreign direct investors in Pakistan, and for mutual benefits, there is a need for them to take advantage from this project. He stated, “It is a positive development that foreign investors are once again looking at Pakistan with interest.”

He added that Swiss Business Council with the support of its partner, Switzerland Global Enterprise (SGE), has decided to take up the initiative and has successfully linked many Swiss and Pakistani small & medium enterprises through investments in joint ventures, technology transfer and business representation. Encouraged with this positive development in 2016, SBC & SGE have marked 2017 as the year to maximise Swiss companies’ footprints in Pakistan and vice versa, he added.

The CPEC offers opportunities in infrastructure and energy projects in the 29 special economic zones being set up all over Pakistan. These SEZs provide opportunities of investment in industrial and commercial activities as well as supplies, contracting and services in power sector, oil and gas, mines and minerals, large industry, small and medium industry, healthcare sector, education, banking, hospitality industry, engineering, consultancy and construction services and others.



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