KP-BOIT and Shandong Xinxu Group signed MoU for Value Addition in Mining Sector
SHANDONG (PEN) : The Khyber Pakhtunkhwa Board of Investment and Trade (KP-BOIT) has entered into a memorandum of understanding (MoU) with businessmen from Shandong province of China. The collaborative agreement aims to leverage combined efforts and capabilities with a specific focus on boosting investment in the “value addition in the mining sector” within the Khyber Pakhtunkhwa province.
The MoU was signed between Engineer Said Mahmood, Vice Chairman, KP-BOIT, and Jianxin Hou, Chairman, Shandong Xinxu Group Corporation, China on February 3 in Shandong province, China. The signing ceremony was witnessed by the high-profile public and business community of the province.
“I was warmly welcomed by the Chinese business community in Shandong province, China,” Mr. Mahmood told Gwadar Pro. He further emphasized that the primary objective of his visit to China was to strengthen and expand investment opportunities within the Mines and Minerals sector of KP.
Engineer Said Mahmood presented a range of opportunities in value addition within the Mines and Minerals sector for Chinese investors. He assured full facilitation from the side of the KP Government to ensure a smooth and supportive environment for potential investments.
Eng. Said Mahmood (in the middle) with Chinese investors. [Photo provided to Gwadar pro]
Through the MoU, both parties have to strive to enhance investment in value addition in the mining sector of KP Province, provide specific product/project information, identification of joint venture partners, and facilitate procedural matters with respective authorities remaining within respective legal mandates. Besides this, partners may conduct matchmaking meetings, and seminars to stimulate joint investments and reciprocal trade activities.