Aleading Turkish business group, Nurol, has expressed its readiness to invest in the Gadani Power Park in Balochistan, and to assist Pakistan in building the Karachi-Lahore Motorway as well as the Bhasha and Bonji dams. This was announced after a meeting between a delegation of the group, led by its Vice Chairman, Orguz Carmikli and Pakistani Prime Minister Nawaz Sharif. The Nurol Group is considered a big name in the construction of motorways, dams and hydroelectric power plants and has constructed the Gebze-Izmir Motorway in Turkey. The most notable feature of this project is the 3.3kilometre-long Izmat Bay suspension bridge – the third largest in the world. Given the group’s contributions to the construction sector, Prime Minister Sharif hoped that it would benefit from the huge business and investment opportunities offered by Pakistan’s priority sectors for investment such as hydel and coal power plants, the Karachi-Lahore Motorway and infrastructure development. He also said that the Pakistan Power Park at Gaddani offers a golden opportunity to invest in coal-based power plants.
The Vice Chairman of the Nurol Group, Orguz Carmikli expressed his satisfaction over Pakistan’s legal framework for foreign investment and stated that the federal government would provide sovereign guarantees for the construction of dams and energy projects. The company is likely to construct motorways on a buildoperate-transfer basis.