BEIJING: High-level discussions were held between the key stakeholders, including representatives from the Ravi Urban Development Authority (RUDA) and the Punjab Central Business District Authority (PCBDA) at China Machinery Engineering Corporation (CMEC) headquarters in Beijing on Wednesday.
The meetings covered a wide range of topics including past ventures, project updates, financial concerns, and collaborative agreements. A mutual commitment was made to enhance collaboration through the exchange of detailed project information, paving the way for long-term partnerships and sustainable development initiatives.
Representatives from RUDA and PCBDA engaged with Oriental Youhong, a leading Chinese corporation renowned for its expertise in solar panel manufacturing and construction solutions. Discussions centered on project synergy and collaboration prospects, aiming to utilize Oriental Youhong’s capabilities to bolster infrastructure projects in Pakistan.
Further strengthening the collaboration, a productive meeting took place where a delegation comprising ADM CEO Yasir Malik, Pakistan China Commerce Alliance President Guo XiaoQi, Director BD IR Fatima Ali Khan, and Assistant Director PR Sana Iqbal explored avenues for setting up an Electric Vehicle (EV) charging factory and upscale hotels within RUDA’s jurisdiction.
Key highlights from the discussions included plans for establishing an EV assembly and manufacturing plant in RUDA’s Industrial State, with a planned land requirement of 40 acres.
Additionally, proposals for 5-star hotels, with a proposed land requirement ranging from 5 to 7 acres were discussed. Keen interest has been shown, indicating tangible progress towards materializing these endeavors, with further exploration and detailed discussions on technology transfer agreements and land acquisition slated for the next meetings. –Agencies
