BUSINESS TAQA Arabia interested in JV’s with Pakistani Cos’

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Egypt’s largest private-sector energy distribution company, TAQA Arabia has shown interest in joint ventures with Pakistani companies.

“Response to Pakistan’s Special Economic Zones (SEZs) has been overwhelming with multiple national & international companies approaching the Board of Investment (BOI) with investment propositions,” said Atif Bokhari, Minister of State/Chairman, BOI Pakistan.

The minister on Thursday had a meeting with TAQA Arabia (Power) VP for Africa & New Ventures, Adly Kafafy to address the prospect of investment in the development of infrastructure for SEZs, energy transmission, and LNG terminals.

Kafafy also spoke of joint ventures with local companies and the possibility of establishing a TAQA Arabia office in Pakistan in near future.

“Resurgence of economic activity in Pakistan is due to focus on economic reforms and investor-friendly policies. BOI will continue to plays it role in improving Pakistan’s investment climate,” he added.

TAQA Arabia is the largest private-sector energy distribution company in Egypt with over 23 years of experience, investing, and operating energy infrastructure including gas transmission and distribution, Conventional and Renewable Power generation & distribution, and marketing of petroleum products.