Talking to Business Recorder, Commodore Jahanzeb Ahsan SI (M), project director, Karachi Shipyard Engineering Works Ltd said that this MoU was for collaboration regarding co-production of steel, Aluminium and fibre hull boards for Pakistan Navy, fisheries and commercial sector. He said that Karachi Shipyard would work as regional manufacturing hub for USA based ship building company and do co-production of steel, Aluminium and fibre hull boards for Pakistan Navy, fisheries and commercial sector in Karachi.
Replying to a question, he said that Karachi shipyard was going to manufacture advanced submarines in collaboration with China and the production was expected to commence by 2020; adding that four submarines would be built in Karachi shipyard while rest of the remaining would be produced in China. Similarly, three more MoUs and one agreement have been signed during three days of IDEAS-2018.
The first and the only MoU was signed on second day of the event between Capital Exhibition and Badar Expo Solution for Turkey Expo Pakistan and 5th High Tech Port, which will be held in November 2019 in Islamabad Pakistan. The contract will be signed within 30 days of MoU. On third day of IDEAS-2018, three MoUs and an agreement were signed.
UAS-global and ISPA university of Karachi have inked a MoU to promote understanding and as well as outline the terms and conditions related to the project between both parties. Another MoU was signed between Pakistan's Supreme Tecnocrafts Aviation services and Turkish Ostim Defence an Aviation Cluster (OSSA). Under this MoU, the Pakistani company will market OSSA's defence products in the country. Supreme Tecnocrafts Aviation services also cemented an agreement with Turkish company Glentech to commence aircraft engine testing for both defence and commercial airliners.