Home Business & Finance First Japanese business group shows interest in Gwadar

First Japanese business group shows interest in Gwadar

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GWADAR: Milestone- Real Estate Developer, a trusted name with longstanding experience in construction, has connected key Japanese investors for the first time in Pakistan, following the Chinese, with Gwadar Development Authority today. The visiting Japanese delegation expressed a huge interest in real estate, tourism, beach area development, golf course development, infrastructure development, and public private partnerships especially in Karachi and Gwadar.

The visiting delegation comprised Atsushi Isutani, representative senior managing director COSMO EC CO. Ltd, Yukio Nishihata, director BROS JAPAN, Shinjiro Nakano, president and CEO ANGLES NATIONAL GOLF CLU,Syed Rehan Ali, director BROS JAPAN Umer Khalid, managing partner and CEO of Milestone. They met with government of Pakistan Ministry of Maritime Affairs Chairman Dostain Khan Jamaldini, Gwadar Free Zone Company Limited deputy general manager, Peter Hu and director general Gwadar Development Authority Dr. Sajjad Hussain Baloch at Gwadar.

It may be noted that Gwadar Development Authority, (GDA), is a public and government sector corporation responsible for providing municipal services in Gwadar City, while China Overseas Port Holding Company manages the port operations, and is responsible for selling and developing the free zone area.

Following the meeting, Umer Khalid, managing partner and CEO of Milestone, the key person responsible for introducing Japanese investors to GDA said, “The Japanese plan to invest heavily in Pakistan. The new policies and leadership have inspired confidence in them to invest in our country.”

The keen Japanese investors expressed major interest in areas of development in the tax-free zone of Gwadar. The meeting was an informative one in which the delegation was briefed about port operations and its benefits, and procedures and phases of the free zone. DG Gwadar Development Authority Dr. Sajjad Hussain Baloch threw light on the real estate status and development plans of the projects.

The meeting ended on a positive note. It is to be highlighted that the Japanese investors have already invested in retail here, with their first retail outlet opening by the end of the year in Pakistan. News Desk

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