China plans to invest $1 billion in medical city project in Pakistan
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A delegation of Chinese investors has expressed a strong interest in investing $1 billion in Pakistan to establish a state-of-the-art medical city in Karachi’s Dhabeji Economic Zone, located outside the country's commercial capital.
The proposal was outlined in a meeting with former Pakistani President Asif Ali Zardari on Thursday, highlighting the growing economic ties between Pakistan and China.
The planned medical city would be Pakistan’s first fully integrated pharmaceutical and medical ecosystem. According to the Korangi Association of Trade and Industry (KATI), which manages the Dhabeji Economic Zone, the investment signifies the strengthening bilateral relations and economic cooperation between the two countries.
In addition to the medical city, the Chinese delegation also showed interest in several other sectors, including agriculture, livestock, energy, transport, and manufacturing. The meeting, attended by Sindh’s Chief Minister Syed Murad Ali Shah and the Chinese Consul General, followed successful negotiations between the Sindh government and the Chinese business group.
Zardari emphasized the importance of enhancing economic and trade partnerships between Pakistan and China. He assured the delegation of the Pakistani government's commitment to providing full support and cooperation to Chinese investments in the country.
Additionally, the Sindh Chief Minister mentioned the introduction of Chinese language courses in the province to facilitate better communication and strengthen cultural ties between Pakistan and China. The planned investment in the medical city is expected to contribute significantly to Pakistan's healthcare infrastructure and boost economic growth.