German Company to Invest $50 Million in Hub, CM Balochistan Emphasizes Local Workforce

**Quetta (Daily Qudrat):** A German firm will establish energy and oil refinery infrastructure in Hub, Balochistan, with an investment of $50 million, following the signing of a Memorandum of Understanding (MoU) between AOCH GmbH and the Balochistan Board of Investment and Trade.

The MoU was signed during a meeting between the Chief Minister of Balochistan, Mir Sarfaraz Bugti, and a delegation from the OUCH Group of Companies. Chief Minister Bugti highlighted Balochistan as a prime region for investment, urging both domestic and foreign companies to prioritize employing skilled local labor.

He assured investors that the provincial government would provide a favorable environment to facilitate business activities. Bugti also emphasized that sectors such as fisheries, tourism, mining, and energy offer abundant investment opportunities for both national and international investors.

The MoU was signed by Bilal Khan Kakr, Vice Chairman of the Balochistan Board of Investment and Trade, and Andreas Embrewein, Chairman of AOCH GmbH.