21st Century Real Estate

Two Chinese groups to invest $2bn in housing sector

Two Chinese groups to invest $2bn in housing sector

Published in Dawn, March 7th, 2019

ISLAMABAD: Xuzhou Construction Machinery Group (XCMG) and HSS Group of China

on Wednesday expressed their commitment to invest $2 billion in Pakistan’s

housing and manufacturing sectors.

The announcement was made during a meeting between Prime Minister Imran Khan

and General Manager XCMG Dr Hanson Liu and Chairman HSS Group Syed Saman

Hashmi, who called on the prime minister here at PM Office.

XCMG is the leading total solution provider for global construction industry

equipment and machinery and intends to set up heavy equipment manufacturing

assembly line in Pakistan.

The prime minister welcomed the HSS and XCMG’s commitment and interest in

Pakistan’s housing and manufacturing sector.

He highlighted the steps taken by the government to provide maximum

facilitation to the investors, reducing cost of doing business and improving

ease of doing business.

The prime minister said that providing conducive and business friendly

environment to investors was top priority of the government. He also informed

the meeting of the government’s plan to build five million housing units

across the country terming it the flagship program, which he added, would

open up new opportunities for the allied industries and the youth of country.

Special Assistant to PM Zulfiqar Bukhari was also present in the meeting.

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