KUWAIT, Dec 4: A major Kuwaiti group on Sunday informed President Pervez Musharraf of its plans to invest $1.5 billion in petroleum, housing and alternative energy resources.
Chairman of the International Investment Group of Kuwait told APP that it saw Pakistan a “stable, promising and favourable place” for investment.
“We plan to build an oil refinery, low-cost housing and a wind power project in the next few years as we see growth prospects in Pakistan very bright,” said chairman Sheikh Salam Daoud Al-Salman Al-Sabah.—APP
