German firm AOCH GmbH will invest $50 million to develop an energy and oil refinery project in Hub, as Balochistan CM Sarfraz Bugti highlights new investment opportunities in fisheries, tourism, mining and energy.
Balochistan Chief Minister Mir Sarfraz Bugti has announced that the province is among the most promising investment destinations in Pakistan, describing it as a region rich in natural resources and economic potential.
He urged both local and international companies to prioritize the hiring of skilled Balochistan-based manpower to ensure long-term and sustainable economic development.
The Chief Minister made the remarks in Quetta during a meeting with a delegation from the AOCH Group of Companies, where new investment opportunities in the province were discussed.
A formal Memorandum of Understanding (MoU) was signed between the Balochistan Board of Investment and Trade (BBoIT) and the AOCH Group of Companies. Under the agreement, German firm AOCH GmbH will invest USD 50 million to establish an energy and oil refinery infrastructure project in Hub, one of Balochistan’s strategically located industrial districts.
The MoU was signed by BBoIT Vice Chairman Bilal Khan Kakar and Andreas Embrewein, Chairman of AOCH GmbH.
Speaking at the ceremony, CM Bugti reaffirmed the provincial government’s commitment to providing a secure, supportive and business-friendly environment for investors. He highlighted Balochistan’s vast potential in fisheries, tourism, mining and the energy sector — areas that he described as highly attractive for both national and foreign investors.
The Chief Minister emphasized that giving priority to skilled local manpower would not only accelerate economic growth but also generate sustainable employment and strengthen the province’s development framework.
