Hutchison Port Holdings’ to invest $240m at Karachi Port



A delegation of Hutchison Port Holdings led by their Group Managing Director Eric Ip called on Prime Minister Imran Khan at Islamabad. The delegation from Hutchison ports also included Andy Tsoi, Managing Director Middle East & Africa, Eric Ng, Business Director Middle East & Africa and the leadership of their Pakistan management team. Group Managing Director Eric apprised the Prime Minister of Hutchison Port Holdings’ fresh investment into Pakistan approximating US$ 240 million that will make available a significant amount of new container terminal capacity at the Karachi Port, and increase Hutchison Ports’ total investment in Pakistan to US$1 billion. The Prime Minister was informed that this investment will also grow Hutchison employees to 3,000 people.

Prime Minister Imran Khan welcomed the investment from Hutchison Port Holdings and their commitment to the Pakistan’s economic prosperity. The Prime Minister reiterated the commitment and focus of the government to facilitate investment and ease-of-doing-business that would ultimately result in economic growth and employment generation.

Minister for Maritime Affairs, Syed Ali Haider Zaidi, Advisor to Prime Minister on Commerce Abdul Razzaq Dawood, Special Assistant to Prime Minister Syed Zulfiqar Abbas Bukhari, Ambassador at Large for Foreign Investment Ali Jehangir Siddiqui, Chairman Board of Investment Zubair Haider Gilani and senior officials were present during the meeting.