Islamabad (Agencies): Hutchison Ports, a global leader in port development, has announced a proposed $1 billion investment in Pakistan’s port infrastructure, signaling a major boost to the country’s maritime sector. A high-level delegation, led by Andy Tsoi, Managing Director for the Middle East & Africa Division, presented the investment plan during a meeting with Federal Minister for Maritime Affairs Qaiser Ahmed Shaikh and Secretary Syed Zafar Ali Shah.
The proposal includes an upfront $200 million Foreign Direct Investment (FDI) to upgrade and modernize facilities at the Karachi International Container Terminal (KICT) and South Asia Pakistan Terminals Limited (SAPT). The enhancements will incorporate advanced automation technologies, eco-friendly solutions, and electrified, remote-control equipment to improve operational efficiency while reducing carbon emissions.
The investment plan also proposes the establishment of a state-of-the-art warehousing depot to meet the growing demands of Pakistan’s trade sector. Additionally, it includes significant funding for improving road infrastructure around the south wharf to ensure smooth container traffic flow and boost supply chain efficiency.
Federal Minister Qaiser Ahmed Shaikh welcomed the proposal, describing it as a transformative step for Pakistan’s maritime sector. “This partnership represents a significant milestone in Pakistan’s journey to becoming a global trade leader. Hutchison Ports’ confidence in our economic potential highlights the transformative opportunities in our maritime sector,” he stated.
Andy Tsoi expressed his commitment to the initiative, saying, “We are proud to partner with the Government of Pakistan to modernize and innovate its maritime infrastructure. This proposed investment reflects our long-term commitment to enhancing trade and logistics in the region.”
Other members of the Hutchison Ports delegation, including Capt Rashid Jamil, Country Advisor for Hutchison Ports Pakistan, and Leonard Fung, Business Director for the Middle East & Africa Division, shared their optimism about the project’s potential to significantly boost Pakistan’s trade and logistics capabilities.
The Ministry of Maritime Affairs emphasized its focus on fostering partnerships that drive economic growth, create jobs, and strengthen Pakistan’s global trade networks. This landmark investment highlights Pakistan’s potential to emerge as a key player in the global maritime industry.