Dubai port operator to set up industrial park in Pakistan.
ISLAMABAD -- Dubai-based global logistics and port terminal operator DP World working at Karachi port, is planning to set up an industrial park in Pakistan to attract global investors.
Sheikh Sultan bin Sulayem, Chairman of the port terminal operator, said he was interested in setting up industrial parks in Pakistan, where there was no dearth of human resource.
Sheikh Sultan arrived in Pakistan on Friday to assess the scale of a climate disaster that hit the South Asian country after the onset of monsoon rains in mid-June. The subsequent floods have killed more than 1,600 people, affected 33 million and inundated a third of Pakistan, including 4 million acres of standing crops.
The chief of DP World, which already operates a container terminal at the Karachi port, said Pakistan had a huge investment potential and availability of human resource.
'The vision I have is to open industrial parks in Pakistan which will be equipped with modern infrastructure,' he said.
"Human resource is no problem in Pakistan as the country has many highly educated engineers, who will work in these industrial parks," Arab News reported.
Sheikh Sultan said many companies in the Far East were looking to move out due to increasing cost of production for which Pakistan was an 'ideal place' as the Pakistani economy had "very strong fundamentals."
The DP World chairman said he planned to pour in multi-million dollar in aid to assist Pakistan in the wake of...
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