The Khyber Pakhtunkhwa Culture and Tourism Authority on Sunday signed memorandums of understanding (MoUs) with two companies to make investment in the integrated tourism zones (ITZs), which would boost tourism in the province.
The MoUs were signed by Investment Tourism general manager Umair Khattak, AH Group chief executive Abdul Haseeb and a representative of Signature Group Investments during the ongoing Property Expo, says a statement issued here.
It said that the AH Group evinced keen interest in investment in the ITZs, while the Signature Group Investments would establish five-star hotels in Ganol and Mankial to facilitate tourists at these tourist places.
Speaking on the occasion, Umair Khattak said that the provincial government was taking various steps to attract investors to boost tourism in Khyber Pakhtunkhwa.
He said that KP had vast potential for investment in various businesses, economic zones, tourism zones, mines, minerals and other sectors. He termed the ITZs project as the best opportunity for the domestic as well as foreign investors to invest in the sector.
He said the government had created a favourable environment to attract more businesspeople and investors to the province.