Type to search

Huawei to Invest $100 Million in Pakistan This Year

Huawei to Invest $100 Million in Pakistan This Year

Hussain Saeed

A top official of Huawei, a leading Chinese smartphone giant, has recently announced that it will invest $100 million in Pakistan this year. The investment will be utilized to upgrade the technical support center of the company in Pakistani along with the establishment of regional headquarters in Islamabad.

In a recent meeting with Federal Minister for Planning and Development Makhdum Khusro Bakhtyar, Vice President of Huawei Group Mark Xueman has said that Pakistan is a strategic market for China and Huawei, therefore the company will set up headquarters for South Asian region in Islamabad. The project will cost around $55 million and will create employment opportunities for young engineers across the country.

Besides the minister for Planning and Development, Planning Secretary Zafar Hasan and China-Pakistan Economic Corridor (CPEC) Project Director Hassan Daud were also present to discuss the projects Huawei’ VP plans to invest.