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Maersk investment meeting held in Islamabad

Danish shipping giant AP Moller-Maersk (MAERSK) has announced plans to invest in Pakistan's Karachi Port in May 2024. The investment will be made to strengthen the port's infrastructure, develop logistics storage areas, improve ship dismantling facilities and enhance overall port development.

Maersk investment meeting held in Islamabad

It was emphasized that the investment is an important step towards modernizing Pakistan's maritime sector. In this context, the fact that the investment will be made in Karachi Port, one of the largest ports in Pakistan, is of strategic importance for both regional and international trade.

The board meeting organized to facilitate this important Danish investment was held in Islamabad under the chairmanship of Mr. Aurangzeb Khan, Federal Minister of Finance and Revenue. The meeting discussed the progress in the signing of the Memorandum of Understanding (MOU) between Pakistan and Denmark on public-private partnership for sustainable infrastructure.

The meeting was virtually attended by Federal Minister for Shipping Mr. Qaiser Ahmed Shaikh, Federal Secretaries of the Ministry of Shipping and Chairman of Karachi Port Trust (KPT). Participants reviewed the progress of the investment process and exchanged views on how to make public-private partnerships more effective.

This important meeting and investment plan is considered as a major step towards strengthening Pakistan's maritime sector and enhancing international cooperation.

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SteelRadar Insight - Sayı 1 (Haziran 2024)

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