Brother Gas to invest $15mn in Pakistan

December 09, 2021 (MLN): Brother Gas, one of the leading oil & gas companies based in Dubai is planning to invest $15 million to build a bottling plant at Special Economic Zone in Faisalabad, Pakistan, Mr. Kashif Maqsood, Managing Director of the company told during a hybrid investment seminar at Pakistan Pavillion, Dubai Expo, said a press release issued on Wednesday.

The Board of Investment (BoI) has been facilitating the organisation previously and has assisted in applying for a Plot in Faisalabad Special Economic Zone (SEZ). Secretary BOI has termed this potential investment as a major breakthrough for attracting FDI in Pakistan, it added.  

The delegation representing Brother Gas UAE shared that they will be investing in three phases, with an initial investment of $15mn.

The press statement further added that the first phase will include setting up a plant in the M3 industrial area in Faisalabad which will serve the local market and facilitate export to neighboring markets from Pakistan.

They will install an Aerosol Propellant Gas “APG” plant which will be manufacturing the much-needed APG within Pakistan instead of importing the same.

The investment will help reduce imports and bring FDI through exports to neighboring countries. This project will also lead to the introduction of refrigerant gasses and ADNOC lubes for the first time in Pakistan.

Copyright Mettis Link News

Posted on: 2021-12-09T14:35:37+05:00

29480