The Chinese Aerospace Development Industry Investment Group has expressed interest in investing up to $10 billion in Pakistan across mining, advanced technology and industrial development sectors.

As per the details, a high-level delegation from the group, led by party secretary and chairman of the board, Lu Jinhai, met Minister for Board of Investment (BOI) Qaiser Ahmed Sheikh on Thursday.

The delegation said that it aims to collaborate with Pakistan on skill development and long-term economic and technological projects.

The delegation added that it is willing to support Pakistan in the One Belt One Road (OBOR) initiative and strengthen regional connectivity and economic cooperation.

Sheikh said that Pakistan offers extensive investment opportunities due to its strategic location connecting South Asia, Central Asia and the Middle East.  He said that the country’s large population and young workforce provide significant potential for investors, and that attractive incentives are available.

The delegation briefed the minister on the company’s operations and global profile, saying that Aerospace Development Industry Investment Group is an international investment firm with an AAA corporate credit rating. 

The firm is involved in strategic industrial investments including aerospace, artificial intelligence, electric vehicles, drone technologies and energy projects.