Huawei to invest around $100 million in Pakistan this year

ISLAMABAD: Vice President of Huawei Group, Mark Xueman has said that Pakistan is a strategic market for Pakistan and said that the company will invest around $100 million in the country this year.

He was talking to Federal Minister for Planning, Development & Reform Makhdum Khusro Bakhtyar on Wednesday, Press Information Department reported.

He apprised that Huawei will also set up a regional headquarters in Islamabad at a cost of $55 million that will create job opportunities for young engineers in Pakistan.

He further informed that Huawei will also invest $15 million more in its technical support centre in Pakistan and it will also hire more work force for the same taking the number of its staff from 600 to 800 this year.

He stated that Huawei is eager to initiate more projects in Pakistan on grant funding from Chinese government. The Minister assured of the ministry’s all possible cooperation in future joint ventures.

Appreciating Huawei’s continued engagement in Pakistan, Minister said that the leading technological company can support in developing and upgrading IT sector of Pakistan.

Minister underlined on exploring new business models for future projects and joint ventures in Pakistan. He said that Huawei can contribute to the Government’s e-governance initiative as well in centralizing data to improve efficiency and productivity.

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