Huawei, a leading Chinese mobile phone company, will invest $100 million in Pakistan this year and set up a regional headquarters in Islamabad at a cost of $55 million, Vice President of Huawei Group Mark Xueman said on Wednesday.
Huawei will invest around $100 million in Pakistan during the current year. In a meeting with Federal Minister for Planning, Development & Reform Makhdum Khusro Bakhtyar, Vice President of Huawei Group, Mark Xueman, announced that Huawei will also set up a regional headquarters inIslamabad at a cost of $55 million that will create job opportunities for young engineers in Pakistan.
Vice President of Huawei Group, Mark Xueman informed that Huawei will also invest $15 million more in its Technical support Centre in Pakistan and it will also hire more work force for the same taking the number of its staff from 600 to 800 this year.
Mark Xueman further said the company was eager to initiate more projects in Pakistan on grant funding from the Chinese government.
Makhdum Khusro noted that Huawei has a 25% share in mobile industry of Pakistan and is also the top taxing paying Chinese company in the country. The Minister appreciated Huawei’s engagement with HEC for smart schools project with the latest information and communications technology equipment.
The Minister underlined on exploring new business models for future projects and joint ventures in Pakistan. He said that Huawei can contribute to the Government’s e-governance initiative as well in centralizing data to improve efficiency and productivity.
Makhdum Khusro suggest that Huawei could support IT start-up projects in Pakistan to benefit the youth in this important sector. He assured the Huawei Group of his ministry’s all possible cooperation in the future joint ventures.
