KARACHI: The 13th Build Asia Exhibition, concluded successfully in Karachi, as it facilitated the signing of agreements worth 250 million US Dollars between numerous local and foreign companies participating in mega event.
The 3-day event was taking place at the Karachi Expo Center from 18th till 20th December is the largest exhibition of construction, real-estate and housing industry, held annually by E-commerce Gateway Pakistan, with the support of; ‘Constructors Association of Pakistan’ (CAP) and ‘All Karachi Marble Industries Association’ (AKMIA), as it focuses on the immense potential of this robust sector.
On the third day of the event, a large number of visitors and stakeholders of industry participated enthusiastically. And shown keen interest in featured a wide array of highly informative conferences, to provide a networking platform for engineers, contractors, builders, consultants, government officials, bankers, policy makers, stakeholders, other practitioners & professionals of this industry. Build Asia has also incorporated insightful forums like; ‘CPEC Construction Conference’, ‘Property Asia’, ‘StoneFair Asia’ & ‘Furniture Asia’.
“Over the past 13 years, this mega-event has successfully hosted over 50,000 visitors this year and provided a platform for a large number of foreign investors from 17 countries, to interact with local entrepreneurs for future business collaborations in Pakistan” said Dr. Khurshid Nizam President of Ecommerce Gateway adding this he stated that event has not only received a remarkable response this year, in fact, the local and foreign exhibitors have also pre-booked 72% of stall spaces for the next year’s Exhibition.
According to spokesman of event more than 350 local enterprises and 550 foreign companies had setup more than 600 stalls to display their latest technological advancements, featuring their equipments, materials, services and techniques in the related fields. Build Asia offered the International and Pakistani business community a strategic launch-pad to access the vibrant Pakistani, Afghan, Chinese, Middle-Eastern markets and Central Asian Republics.
The exhibition took advantage of government’s liberal investment policies to attract maximum foreign investment in Pakistan, where foreign investors can hold up to 100% equity in several economic sectors. As a result of this annual series of exhibitions, the Foreign Direct Investment (FDI) in the Country has increased substantially. Thus, Pakistan has gained the stature of an attractive destination for investors from developed countries. This event helps in Value-Addition, productivity-enhancement and cost-reduction in the industry.
Published in Daily Times, December 21st 2017.
