Global Building Material (GBM), a Chinese internet-based B2B platform, has announced plans to invest $50 million in Pakistan. GBM will open its first branch in Lahore this month to present its new one-stop shopping experience for Pakistani building material retailers, and it will also publish an app for businessmen dealing in building materials as part of the investment plan. GBM will also construct a comprehensive digital port zone in Karachi, which will comprise a warehouse, digital centre, data centre, and logistics centre.
GBM Pakistan’s General Manager, David Wei, and his team made the announcement to a group of journalists.
“Lahore is the best city for GBM’s development, and it perfectly matches GBM’s positioning.” “We hope to use Lahore as a solid starting point for Pakistan, and to enable building materials retail stores in Pakistan to use the Internet to grow and benefit from their businesses,” David told reporters.
David Wei told media that he came in Pakistan in early October and met with officials from the Ministry of Housing and Works, the Ministry of Commerce, the Board of Investment, and other government departments to discuss GBM’s investment intentions. The Chinese B2B platform decided to open a branch in Lahore after a one-month market analysis, he added.
While, updating the details of the mobile application, he stated that retailers could verify the provision of goods and place orders from home. “If there is any problem, the retailers can directly consult online.”
He further said that the company gave high-grade Chinese hardware and building material at low prices.
“Retailers may use the GBM app to check inventory and place orders from their homes. If there is a problem, retailers can consult directly online and take advantage of GBM’s specialized before and after-sales service. GBM’s unique feature is the simplicity with which it can source low-cost, high-quality Chinese hardware and building supplies,” said GBM Pakistan’s general manager.