Engro Corp, Pakistan’s largest conglomerate, is eyeing international markets for expansion, with a focus on the Middle East, Central Asia, and Africa, according to Samad Dawood, Vice Chairman of Dawood Hercules Corp, Engro’s major investor.
In a recent interview with Reuters, Dawood highlighted Engro’s interest in global LNG ventures and hydrogen energy, alongside plans to enter telecom infrastructure markets in the Middle East, North Africa, and Central Asia. Africa is also on Engro’s radar for expanding its fertilizer business.
With a market capitalization of Rs193 billion ($694 million) and assets worth Rs802 billion ($2.9 billion), Engro Corp spans diverse sectors in Pakistan, including energy, fertilizer, telecommunications, and consumer goods.
Engro’s strategic investments include the majority stake in Pakistan’s first LNG terminal, fulfilling a significant portion of the country’s natural gas demand. Despite divesting coal assets, Engro remains committed to the energy sector, exploring sustainable energy avenues such as hydrogen and ammonia.
Dawood emphasized Pakistan’s ongoing energy challenges, signaling opportunities for further investment in the power sector. Pakistan’s shift towards LNG reflects a global trend, driven by increased industrial and residential gas consumption.
