China company RUYI set to invest in Pakistan
Friday, January 10th, 2014 9:49:13 by Zak Shah
The very well known RUYI of China has decided it will be investing a sum of 2 billion dollars into Pakistan’s energy and textile segment within the next 2 years – this news came out when the companies chairman Yafu Qui had a meeting inside the PM house with the Prime Minster of Pakistan Nawaz Sharif.
RUYI’s chairman has said the company has ideas to set up power plants in Pakistan which will be two coal-fired these will generate a capacity of 300 megawatts.
The Prime Minster has been on a roll this week speaking about making positive changes to the economy thus attracting both local and international investors to the country.
In his own words: “Pakistan provides ample investment opportunities in the energy infrastructure and textile sectors,”
Investment will not only better the economy of Pakistan but it will also create job opportunities for the skilled youth and on top of that, bring up the technology pace within the textile sector.
The chairman of RUYI further added that Pakistan has a booming textile sector. “After getting the GPS plus status, Pakistan has become an attractive destination for investment in the textile sector,” he added
Short URL: https://www.newspakistan.pk/?p=42571
Posted by Zak Shah
on Jan 10 2014. Filed under Business, Latest News.
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