You are currently viewing HCV for CPEC: Hyundai-AlHaj partnership to create employment in Pakistan
hyndai

HCV for CPEC: Hyundai-AlHaj partnership to create employment in Pakistan

SANA MAHMOOD

KARACHI: CEO of Al-Haj Hyundai Ltd. Bilal Khan Afridi has announced in a Presser held here on Thursday (18th of May) about forming a joint venture with Hyundai of South Korea.

CEO Bilal Khan Afridi said that the first assembly plant will cost Rs. 1.5 billion and the venture will provide employment to the locals.

Al-Haj Hyundai Ltd. will produce heavy commercial vehicles (HCV): Heavy Duty Trucks Xcient, Luxury Buses Universe and Medium/Light-Duty Trucks Mighty through a technology transfer contract.

 

M M Alam

M. M. Alam is a Pakistan-based working journalist since 1981. Karachi University faculty gold medalist Alam began his career four decades ago by writing for Dawn, Pakistan’s highest circulating English daily. He has worked for region’s leading publications, global aviation periodicals including Rotors (of USA) and vetted New York Times as permanent employee of daily Express Tribune. Alam regularly covers international aviation and defense-related events including Salon Du Bourget (France), Farnborough (United Kingdom), Dubai (UAE). Alam has reported thousands of events and interviewed hundreds of people in Pakistan, UAE, EU, UK and USA. Being Francophone Alam also coordinates with a number of French publications.