Huawei, larget smartphone maker in China and second-largest in the world (based on Q1 2019 shipment volume) has announced a $100 million investment in Pakistan. It will be used to upgrade its technical support center in the country and to establish its regional headquarters in Islamabad.
This development is in line with the previous revelation by Pakistan Tehreek-i-Insaf (PTI) leader Aleem Khan where he announced the company’s decision to open regional headquarter in the country. At that time, the Huawei officials refused our query for comment.
Mark Xueman, Vice President of Huawei Group in a recent meeting with Makhdum Khusro Bakhtyar, Federal Minister for Planning and Development said that they see Pakistan as the strategic market for Huawei and China and thus, will be establishing the headquarters for South Asian region in the country.
The cost to set up a regional headquarters is estimated to be $55 million and will be the source of employment for people especially the young engineers
The Chinese smartphone manufacturer also plans to also invest $15 million to upgrade its technical support center in Pakistan and expand the current staff of 600 employees to 800 in 2019. Xueman also expressed the company’s desire to initiate more projects in the country through grant funding from the Chinese government.
Undoubtedly, Huawei’s regional headquarter will bring a major boost to the Pakistan ICT sector and provide employment opportunities to the citizens. According to Planning Minister Khusro Bakhtyar, Huawei enjoys a 25% market share in the country and is also a top tax paying Chinese firm in Pakistan.
Previously Chief Executive of Huawei, Ren Zhengfei while meeting Prime Minister Imran Khan in China expressed interest in investing heavily in Pakistan. The company will also be financing the first cloud center in the country as well.