Agreements worth $250m signed at Build Asia’ Exhibition
KARACHI – The three-day mega event of 13th Build Asia Exhibition, successfully concluded in Karachi on Wednesday, as it facilitated the signing of agreements worth 250 million dollars between numerous local and foreign companies participating in this mega event.
The event, held at the Karachi Expo Center from December 18 to 20, is the largest exhibition of construction, real-estate and housing industry, held annually by Ecommerce Gateway Pakistan, with the support of ‘Constructors Association of Pakistan’ (CAP) and ‘All Karachi Marble Industries Association’ (AKMIA), as it focuses on the immense potential of this robust sector.
On the third day of the event, a large number of visitors and stakeholders of this industry participated enthusiastically. The event also featured a wide array of highly informative conferences, to provide a networking platform for engineers, contractors, builders, consultants, government officials, bankers, policy makers, stakeholders, other practitioners & professionals of this industry. Build Asia has also incorporated insightful forums like; ‘CPEC Construction Conference’, ‘Property Asia’, ‘StoneFair Asia’ & ‘Furniture Asia’.
President Ecommerce Gateway Dr Khurshid Nizam stated, “Over the past 13 years, this mega-event has successfully hosted over 50,000 visitors this year and provided a platform for a large number of foreign investors from 17 countries, to interact with local entrepreneurs for future business collaborations in Pakistan. This event has not only received a remarkable response this year, in fact, the local and foreign exhibitors have also pre-booked 72% of stall spaces for the next year’s Exhibition”.
More than 350 local enterprises and 550 foreign companies had set up more than 600 stalls to display their latest technological advancements, featuring their equipments, materials, services and techniques in the related fields. Build Asia offered the international and Pakistani business community a strategic launch-pad to access the vibrant Pakistani, Afghan, Chinese, Middle-Eastern markets and Central Asian Republics.
The exhibition took advantage of government’s liberal investment policies to attract maximum foreign investment in Pakistan, where foreign investors can hold up to 100% equity in several economic sectors. As a result of this annual series of exhibitions, the Foreign Direct Investment (FDI) in the country has increased substantially. Thus, Pakistan has gained the stature of an attractive destination for investors from developed countries. This event helps in Value-Addition, productivity-enhancement and cost-reduction in the industry.