Omani Consortium's Multi-Billion Dollar Investment in Pakistan's Railway and Power Projects

BoI officials revealed this exciting development after a meeting with Federal Minister Chaudhary Salik Hussain. Leading the Omani delegation was Dr. Anwar Al Balushi, Chairman of Al Anvwar Asian Investments LLC, along with Syed Najam Saeed, CEO of RAILCOP, and Tauseef Zaman, CEO of Bil Pakistan.

Dr. Anwar Baluchi's strong interest in Railway Infrastructure Development projects and power projects in Pakistan has spurred this investment initiative. Specifically, they plan to channel an initial $500 million into the Gwadar-Jacobabad rail link project. Additionally, the Omani group is open to providing financial support for various other projects and aims to enhance bilateral relations between the two nations.

Chaudhary Salik Hussain enthusiastically welcomed the Omani group's interest and assured them of utmost cooperation. He pledged to facilitate and expedite the Omani company's investment process in Pakistan, demonstrating his commitment to strengthening economic ties.

Both parties agreed to bolster bilateral relations through mutually beneficial development projects. Anvwar Asian Investments LLC (AAI), known for its global expertise in Project Financing and International Trade Development since its inception in 2011, is playing a pivotal role in this endeavor.

In a significant milestone during Dr. Anwar's previous visit to Pakistan on January 11, 2022, he signed a tripartite MOU with Railway Constructions Pakistan Limited (RAILCOP) and BIL Pakistan (Pvt) Ltd. This MOU led to the preparation of a crucial feasibility report by Railcop, highlighting the inadequacy of Pakistan's existing railway infrastructure to support the anticipated load from CPEC projects.

The existing network comprises ML-1 (Karachi to Peshawar), ML-2 (Kotri to Attock), and ML-3 (Rohri to Taftan). Dr. Anwar also held discussions with Najam Saeed, CEO of Railcop, in Islamabad, exploring investment prospects in additional infrastructure projects.

Railcop's CEO emphasized the significance of upgrading Balochistan's rail network, as the outdated system currently hampers trade between Pakistan and neighboring countries.

Notably, the China-Pakistan Economic Corridor (CPEC) aims to establish connectivity between Gwadar port and China's Xinjiang province through a comprehensive network of railways, highways, and pipelines to facilitate the transport of oil and gas.