Huawei announces $100Mn investment in Pakistan

A delegation from Huawei led by Vice President of Chinese Huawei Group Mark Xueman held a detailed meeting with Federal Minister for Planning, Development and Reform Makhdoom Khusro Bakhtiyar. While talking to the press after the meeting Mr. Mark said that Huawei has decided to invest $100 million in Pakistan this year. The Chinese tech giant will also establish a regional office in the country at the cost of around $55 million.

He further stated that Huawei will also invest an additional $15 million for its Technical support Centre in Pakistan and will hire more workforce, increasing 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.

Bakhtiyar, while appreciating Huawei’s continued engagement in Pakistan, said that the leading technological company can support in developing and upgrading IT sector of Pakistan. The minister assured of the ministry’s all possible cooperation in future joint ventures.