Egypt's billionaire makes a big offer for Naya Pakistan Housing Programme

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Egypt's billionaire makes a big offer for Naya Pakistan Housing Programme

*KARACHI: A billionaire from Egypt, Naguib Sawiris, has come up with a proposal offering to build 100,000 houses in Pakistan to help government of the Muslim country to materialize its housing plan, according to report in the Arab news.*

Federal Minister for Information Fawad Chaudhry also shared the story carried by the Arab News, giving an indirect corroboration about an offer made to the Pakistan government.

According to the report, Naguib Sawiris has expressed his will to invest in 100,000 units of affordable housing to help prime minister (Imran Khan) in his vision toward Pakistan.

The prime minister expressed confidence that the programme would not only help realise the dream of a shelter for the poor but also create employment opportunities. It will also attract local and foreign investment and stimulate about forty related industries.PM Khan on October 10, 2018 had launched ‘Naya Pakistan Housing Project’ in line with his party’s election manifesto, which promised five million houses for the poor.

Tarek Hamdy, Chief Executive officer of Elite Estates, as quoted in the report, says they have “set rules or guidelines of the way of doing things” that apply to every real estate projects — whether they are affordable or high value units.

“We will use our experience and knowhow to deliver this properly to the people of Pakistan,” he added.