Hutchison Ports Plans $1 Billion Investment in Pakistan’s Maritime Sector

Federal Minister Qaiser Ahmed Shaikh meets Hutchison Ports MD Andy Tsoi to discuss a US$1 billion investment in Pakistan’s port infrastructure.

ISLAMABAD, Jan 23 (Alliance News): A high-level delegation from Hutchison Ports, led by Andy Tsoi, Managing Director for the Middle East & Africa Division, met with Federal Minister for Maritime Affairs Qaiser Ahmed Shaikh and Secretary Syed Zafar Ali Shah to discuss a proposed $1 billion investment in Pakistan’s port infrastructure.

The proposal includes an upfront Foreign Direct Investment (FDI) of $200 million, aimed at modernizing Karachi International Container Terminal (KICT) and South Asia Pakistan

Terminals Limited (SAPT) with cutting-edge automation and eco-friendly technologies. These upgrades are expected to significantly enhance operational efficiency and reduce carbon emissions, aligning with Pakistan’s sustainability goals.

The plan also outlines the establishment of a state-of-the-art warehousing depot to meet increasing trade demands and significant improvements to road infrastructure around the south wharf to streamline container traffic and boost supply chain efficiency.

Welcoming the proposal, Minister Qaiser Ahmed Shaikh stated, “This partnership is a major milestone in our efforts to position Pakistan as a global trade leader. Hutchison Ports’ confidence in our economic potential underscores transformative opportunities in our maritime sector.”

Andy Tsoi expressed Hutchison Ports’ long-term commitment, saying, “We are honored to collaborate with the Government of Pakistan to innovate its maritime infrastructure, enhancing trade and logistics in the region.”

The proposal, which highlights Hutchison Ports’ strong partnership with Pakistan, has been praised for its potential to create jobs, drive economic growth, and position Pakistan as a vital player in the global maritime industry.