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Summary Saudi construction firm Al-Qarnain Group unveiled plans to invest up to $1 billion in Pakistan.
Arabian Business reported, the company said it would start with $400 million investment, adding that it will focus on energy, building and construction, hospitals and the car industry.The firm said also it has planned to build an independent power plant with a production capacity of 150-200MW and is also interested in producing solar panels, installation and back up services. Other areas of interest include low cost housing schemes, it said.CEO Eyad Al Baaj said that Al-Qarnain has formed a joint venture cement company with the Pakistans Dandore, which will boost production capacity from 350 metric tonnes per day to 7,500 metric tonnes.
