Jordanian entrepreneur shows interest for investment in Pakistan
By Adnan rafique

ISLAMABAD—Shaheen Business and Investment Group (SBIG) has expressed willingness to invest in power generation projects of 1200 MW capacity which would bring foreign investment of around one billion US $ and stated that a team comprising SBIG's technical, legal and financial experts would soon visit Pakistan to discuss the details.
A delegation comprising representatives of SBIG led by Mr. Kealed Chahien, Group Chairman and CEO and supported by Dr. Jawad Annani, Special Advisor to the Chairman & Deputy Head for Strategic Planning Committee, visited Private Power & Infrastructure Board (PPIB) Thursday to examine the prospects to undertake infrastructure projects in Pakistan and expressed their interest during the meeting.
The Managing Director PPIB gave a detailed presentation to the delegation, highlighting various fiscal and financial incentives offered by the Government Pakistan (GOP) to private investors / entrepreneurs for establishing private power projects in Pakistan pursuant to GOP's Policy for Power Generation Projects 2002 (Power Policy 2002).
MD PPIB also highlighted the efforts of the government to develop and improve an investment friendly environment in the country. He also informed the delegates regarding the ongoing private power projects based on multiple fuels, undertaken by various renowned power companies / multinational groups under Power Policy 2002.
The SBIG appreciated the efforts of the GOP/PPIB by successfully attracting private sector investment in Pakistan power sector. MD PPIB thanked SBIG for showing its confidence over GOP's policies and assured full cooperation and support on behalf of PPIB / GOP in establishing private power projects in Pakistan.
SBIG is a diverse multinational family of companies, including CEMEX Global, based in Washington, DC, with operations in engineering and construction, telecommunications, information technology, transportation, automobile trading and assembly, logistics and fuel supply. SBIG is headquartered in Amman, Jordan with principle offices in Washington, DC, London, Baghdad, Beirut and Dubai.