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Dutch company has expressed interest for investment of $1.3 billion in Karachi

A Dutch company has expressed willingness for the establishment of plants for desalination of water and power generation from the garbage in Karachi with the investment of 1.3 billion dollars.

The proposal of AWTEC Netherland was presented at a meeting presided over by Prime Minister Imran Khan in Islamabad.

The Dutch company also expressed deep interest in investment in the Ravi City Project and the establishment of a renewable energy plant in Lahore.

The meeting reviewed progress on projects of Pakistan Islands Development Authority and Ravi River Urban Development Authority.

Speaking on this occasion, the Prime Minister said Pakistan is facing continuous problems due to the unavailability of appropriate arrangements for garbage processing.

He said Pakistan’s water resources particularly its coastal-line was badly affected due to these problems.

The Prime Minister said such projects would help provide residential facilities of international standard in cities.

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