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Chinese company heavily invests in Punjab’s amusement park - Zameen News

Chinese company heavily invests in Punjab’s amusement park

September 30, 2015 • news

Lahore: A Chinese construction company, Golden Bean, is set to invest PKR 32.8 billion to develop a state-of-the-art amusement park in the outskirts of Lahore, preferably near the Lahore-Islamabad Motorway, and the Memorandum of Understanding (MoU) will be signed in a few days.

According to Punjab Board of Investment and Trade (PBIT) Chairman Abdul Basit, the Punjab government is actively looking to acquire 200 acres of land to commence the project, which also includes a hotel and a commercial centre.

There are currently many hurdles faced by foreign investors in the province, including land grabbing, a lack of coordination between federal and provincial departments, and security issues. The PBIT aims to counter these problems with the establishment of a facilitation centre, increased security measures, and a more active role of the Punjab Overseas Pakistani Commission.