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Pak-China economic corridor offers plenty of opportunities to investors: Spain envoy

Pak-China economic corridor offers plenty of opportunities to investors: Spain envoy

ISLAMABAD: Spain is ready to help Pakistan in infrastructure development of renewable energy, communication networks, Ambassador of Spain, Javier Carbajosa on Wednesday said while addressing businessmen at Islamabad Chamber of Commerce and Industry (ICCI) here.

“Spain is one of the main wind and renewable energy producer in Europe with advanced expertise in the construction of ports, roads, highways and airports and it is ready to help Pakistan in energy and infrastructure development,” Carbajosa said.

He said despite challenges, Pakistan’s geographical location and Pak-China economic corridor offered plenty of opportunities to investors while the government also introduced an investment-friendly policies to facilitate investors.

He said he would try to motivate the Spanish companies to explore Pakistan for investment and joint ventures, especially in renewable energy and other areas of potential cooperation.

He said that tourism was another attractive area where both the countries could cooperate with each other as Pakistan occupied many beautiful tourism destinations.

In addition, he said Pakistan and Spain had good potential to cooperate in agriculture and telecommunication sectors as well.

Highlighting the role of businessmen for promoting bilateral trade, he stressed that both countries should enhance exchange of business delegations to explore new avenues of business partnerships and assured that Embassy of Spain would facilitate to achieve these goals.

Earlier, speaking on the occasion, ICCI Acting President, Muhammad Shakeel Munir said that both the countries had potential to enhance trade, so renewed effort were required to tap this potential.