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QUETTA, Nov 28 (APP): Balochistan Chief Minister, Mir Sarfraz Bugti, announced that the province is one of the most suitable regions for investment, describing it as a land rich with opportunities.
He urged both domestic and international companies to prioritize hiring skilled local manpower in their projects to ensure sustainable economic growth.
The Chief Minister made these remarks during a meeting in Quetta with a delegation from the AOCH Group of Companies to discuss new investment prospects in Balochistan.
A formal Memorandum of Understanding (MoU) was signed between the Balochistan Board of Investment and Trade (BBoIT) and the AOCH group of companies.
Under the agreement, German firm AOCH GmbH will establish an energy and oil refinery infrastructure project in Hub, with an estimated investment of USD 50 million.
The MoU was signed by Bilal Khan Kakar, Vice Chairman BBoIT, and Andreas Embrewein, Chairman AOCH GmbH.
Speaking on the occasion, CM Bugti reaffirmed the provincial government’s commitment to providing a secure and conducive environment for investors. He highlighted vast opportunities in fisheries, tourism, mining and energy.
He noted that these sectors offer lucrative prospects for both national and foreign investors.
The Chief Minister stressed that prioritizing local skilled manpower would support economic growth, create sustainable employment opportunities and strengthen the province’s development infrastructure.