France’s Accor Group to launch four projects in Pakistan

By: News Desk
Published: 12:30 AM, 19 Feb, 2020
France’s Accor Group to launch four projects in Pakistan
Caption: Representatives of Accor Group of France call on Sardar Tanveer Ilyas Khan, chairman of the Punjab Board of Investment and Trade (PBIT).
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A group of investors led by Manager Yaldram and Pakistan Region Vice President Michael Nugent of the Accor Group of France called Sardar Tanveer Ilyas Khan, chairman of the Punjab Board of Investment and Trade (PBIT), after visiting many areas of the country.

Besides various European companies, a large Swiss hospitality chain Mövenpick is also associated with this group. The investors did a detailed discussion with Khan on investment in Pakistan in general and Punjab in particular and informed him that the group is running thousands of hotels in Europe and other regions.

The representatives of the Accor Group told the PIBT chairman that their group is going to launch four major projects in Pakistan soon. They said they are seeing vast investment opportunities in Pakistan as a result of policies of the incumbent government and efforts of the PBIT. They said they came to know through a survey and studies that there are vast tourism and hoteling opportunities in Pakistan. They said that Pakistan’s climate, northern areas, orchards and waterways have a great attraction for tourists. To add to it, they said, full-time availability of a person like Khan to investors without any interest is also a great blessing.

They said that millions of Sikh pilgrims are coming to Pakistan after Pakistan opened a key place of the Sikh religion to Sikh community through the Kartarpur Corridor. They said that Kartarpur Corridor’s opening would benefit other tourist places in Pakistan as well and Pakistan’s image would improve in the world. They said that Pakistan needed the hoteling businesses on an urgent basis and it would benefit the country. They said their group was ready to invest in Islamabad if the federal government succeeds in making the relevant national institutions work effectively. The said that Pakistan has a bright future in terms of tourism and it is a haven for tourists.