A Letter of Intent (LOI) was signed between the Special Technology Zones Authority (STZA) of Pakistan and the Shenyang Economic and Technological Development Area (SEDA) of China to advance their organisations’ collaboration in the technology sector.
SEDA, which was founded in 1988, serves as a production base for numerous well-known biotech and auto companies, including BMW Group, Neusoft, Pfizer, NCR, and IKEA. Mr. Zhao Yongsheng, Director of the Management Committee of SEDA, spoke at the virtual event and emphasised their accomplishments.
He went on to say that SEDA is home to the largest BMW manufacturing facility in the world and that 84 Fortune 500 businesses from across the world operate there in the fields of high-tech manufacturing, automotive, research and development, and next-generation information technology.
He conveyed his appreciation for facilitating cooperation between STZA and SEDA to Mr. Moin ul Haque, Pakistan’s ambassador to China, and the SEDA leadership. He also voiced his support for putting the common vision into action.
He praised the close ties between China and Pakistan and promised his organization’s unwavering support for STZA as they collaborate in the fields of innovation, entrepreneurship, human capital development, and digital economy.