In a move to bolster industrial collaboration under the Belt and Road Initiative (BRI), Pakistan’s J7 Group, a construction and real estate developer based in Islamabad, and China’s IBI Group, an enterprise specializing in technological innovation, industrial engineering and international trade services headquartered in Suzhou, signed a $200 million strategic cooperation agreement.

The agreement was formally inked by Maqbool Hussain, Chairman of J7 Group and Mr. Ibrahim Munir, Chairman of IBI Group, at a signing ceremony in Suzhou, Gwadar Pro reported on Monday.

The agreement aims to synergize the strengths of the two groups in engineering construction and industrial investment to jointly pursue new opportunities in the Pakistani market and explore further prospects in third-country markets.

Credit: Independent News Pakistan (INP) — Pak-China