Hashoo Group and the US Agency for International Development (USAID) announced to sign a memorandum of understanding (MoU) to create a framework of collaboration on capacity building, hospitality education, entrepreneurship and impact investment.
The contract will combine the technical expertise of USAID with the largest hospitality company in Pakistan to improve tourism and private sector growth in a sustainable way. The partnership with USAID will enable Hashoo Group to provide programs that achieve significant development results.
Opportunities created by this partnership will contribute to building centers for vocational training, promotion of entrepreneurship, and fostering sustainable business practices will drive greater growth in the various sectors Hashoo Group as a conglomerate, is involved in.
“While Hashoo Group’s interests span several industries including real estate, industries and energy, we see an opportunity to make an immediate impact in the hospitality industry in Pakistan for now,” said Murtaza Hashwani, Deputy Chairman of Hashoo Group.
“We are partnering with select leading private sector companies and this partnership with Hashoo Group particularly allows us to work across social and economic several development objectives and thereby making the impact larger for a stronger Pakistan,” said John Groarke, USAID Pakistan Mission Director.
Hospitality in Pakistan has seen a steady increase in growth in the past 10 years and has more than doubled its contribution to total GDP since 2006. To meet the rapidly rising demand for hospitality offerings in Pakistan, investment in capacity building will be critical to the long-term sustainability of this sector.
Through this partnership several thousand Pakistanis will be impacted through training programmes, technological and innovation implementations, medium scale impact funds projects and other programmes.