Peshawar: The Khyber Pakhtunkhwa Culture and Tourism Authority (KPCTA) on Sunday (March 27) signed Memorandums of Understanding (MoUs) with two companies during the Property Expo to boost tourism in the province, according to news reports.
As per the details, the MoUs were signed between KPCTA and two companies — AH Group and Signature Group Investments. The agreements were signed by Investment Tourism General Manager Umair Khattak, AH Group Chief Executive Abdul Haseeb, and a representative of Signature Group Investments.
Reportedly, the AH Group is keen to invest in Integrated Tourism Zones (ITZs) while the other company will develop 5-star hotels in Mankial and Ganol in a bid to facilitate tourists. While speaking at the agreement-signing ceremony, Umair Khattak disclosed that the government has taken several steps to attract investors in order to promote tourism in the province. He went on to say that KP has a vast investment potential in tourism zones, economic zones, mines, minerals, and other sectors. It was also mentioned that the government has introduced a favourable environment to attract foreign and domestic investors.