Chinese group keen to build €2bn industrial complex at Port Qasim

China’s Shandong Xinxu Group has expressed interest in building a multi-billion-euro Integrated Maritime Industrial Complex (IMIC) at Port Qasim. The proposal was formally presented by a high-level five-member delegation from Shandong Xinxu Group during its meeting with the Federal Minister for Maritime Affairs, Muhammad Junaid Chaudhry, here on Thursday. The delegation, led by the company’s chairman, Hou Jianxin, discussed a proposal for the project, estimated to cost between €1 billion and €2 billion. The project envisages revitalising Pakistan’s maritime and heavy industrial base. Both sides discussed the proposed multi-billion-euro IMIC at Port Qasim. The maritime minister asked the visiting delegation to submit an unsolicited proposal outlining plans and a comprehensive roadmap for the proposed project.