KARACHI: A Chinese industrial group is preparing a multi-billion-dollar investment proposal to develop an integrated maritime industrial complex at Port Qasim, according to officials familiar with the discussions.
The project is being explored by Shandong Xinxu Group Corporation Ltd in coordination with Pakistan’s Ministry of Maritime Affairs. Authorities say the plan includes shipbuilding and repair facilities, recycling yards and steel production infrastructure.
Officials indicated the proposed investment could reach about $1.34 billion, subject to technical approvals and feasibility assessments. Around $800 million would focus on shipbuilding and repair capacity, while the remaining amount would support broader industrial infrastructure linked to the maritime complex.
The initiative forms part of Pakistan’s efforts to modernise port infrastructure and expand heavy industry near Karachi’s Port Qasim, the country’s second-largest seaport.
Government representatives said the project also aims to utilise recycled metal from maritime operations to support domestic steel manufacturing. The development could contribute to reviving industrial capacity and reducing reliance on imported raw materials.
Authorities have requested a detailed feasibility study from the company covering environmental, financial and engineering aspects before a final decision is taken.
Officials added that the maritime complex is aligned with Pakistan’s long-term strategy to strengthen logistics, exports and industrial production through port-based economic zones.
