Huawei to invest $100 million in Pakistan this year, plans to set up regional headquarters in Islamabad
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.
While discussing the details about its upcoming projects in Pakistan, Huawei’s VP said;
“Huawei will also invest $15 million in its technical support center in Pakistan and it will also hire more workforce for it, taking the number of its staff from 600 to 800 this year. Huawei is eager to initiate more projects in Pakistan on grant funding from the Chinese government.”
Meanwhile, Planning Minister Khusro Bakhtyar appreciated Huawei’s continued efforts to equip Pakistan with modern technology and infrastructure. He said that the world’s leading telecom giant can boost Information and Communications Technology (ICT) sector of the country.
Minister mentioned that Huawei not only has a 25% share in the mobile phone industry of Pakistan but is also the top tax-paying Chinese company in the country. Govt is looking forward to Huawei to contribute to its e-governance initiative as well in centralizing data to improve efficiency and productivity.