Saudi Arabia, UAE, Qatar and other Gulf countries have shown keen interest to invest in corporate farming in Pakistan. The spokesman of the Board of Investment (BoI) here quoted Saleem H. Mandviwala, chairman BoI, as saying while talking to a private TV channel here Tuesday. He said that these countries were obtaining information on the acquisition of agricultural land in various provinces of Pakistan for this purpose. Pakistani agriculture sector posseses vast potential for growth and this is the reason why these countries are so keen, he noted. He said a regional investment conference was held in Islamabad on May 13-14 to promote investment in Afghanistan. Regional countries are actively taking part in this conference which is also very important for Pakistan. Mandviwala said a special investment zone (SIZ) was being created in the suburbs of Karachi for Japanese investors. This zone will be established on 100 to 150 acres of land and its details will be finalized during a visit to Japan in the current month, he added. The BoI chairman said Malaysia has also indicated interest to invest in this zone. Talking of his recent visit to the US, he said that an agreement has been signed with US investors for setting up of power plant in Sindh at a cost of $100 million.
