Chinese Company to Invest $700 Million in IT and Smart City Project

Chinese Company to Invest $700 Million in IT and Smart City Projects in Punjab

A Chinese company, Chengdu, has announced plans to invest $700 million in Punjab’s Information Technology (IT) and smart city projects. The announcement was made during a high-level meeting between a Chinese delegation and Punjab Chief Minister Maryam Nawaz Sharif in Islamabad. The delegation included Chengdu’s General Coordinator for the ICT Hub, Ms. Scarlett, and Huawei’s Deputy CEO, Mr. Yu Ray.