Samsung keen to invest in wind, bio-energy sectors

STAFF REPORT IBD: Samsung CandT Corporations Trading and Investment Group desires to participate in Pakistan in the field of energy and environment that are likely to serve as drivers for the countrys future growth of Pakistan. The key areas of interest are wind power, bio-energy and other renewable energy sources.

Most recently, Samsung CandT General Manager Joonwoo Choi called on Chairman Board of Investment, Mohammad Zubair and Secretary BoI, Imran Afzal Cheema, to discuss new investment prospects in Pakistan.

Joonwoo Choi apprised that the company is one of the worlds finest construction and engineering companies and interested to invest in the construction of Kohat Tunnel. Currently it is providing the leading role in the construction of several worlds largest building projects such as Malaysias Petronas Tower and the Burj Khalifa in UAE.

The BoI Chairman highlighted the investment incentives to the Korean investors and said that 100pc equity and repatriation of capital, profits, royalty etc allowed to the foreign investors. The Chairman also mentioned about the establishment of SEZs for foreign investors.

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