Danish shipping and logistics company Maersk has announced to invest $2billion in Pakistan’s port and transport infrastructure over the next two years.
According to state-owned news agency, the investment under this project will contribute to the infrastructure development and economic improvement.
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In this regard, Minister for Maritime Affairs Qaiser Ahmed Sheikh will visit Denmark this month for the signing of a Memorandum of Understanding (MoU) between Maersk Shipping Company and Karachi Port Trust.
In a statement Qaiser Ahmed Sheikh said that Karachi has great potential to increase exports and the Maritime Affairs ministry is providing an enabling environment to the business community in this regard.
Maersk has grown into a leading provider of logistics and supply-chain services across Pakistan. It has around 20 percent market share in Pakistan’s containerized import-export activities, according to Pakistan’s information ministry.
In January this year, the Danish shipping firm announced new smart logistics and warehouse facilities in China, Norway and Pakistan.
Pakistan has also signed an agreement with Abu Dhabi (AD) Ports Group which is investing about $395 million for the development of a container and cargo terminal under a government-to-government (G2G) agreement between the United Arab Emirates and Pakistan.
