The Ravi Riverfront Urban Development Project (RUDP) has attracted foreigninvestments of over $8 billion to develop the world’s largest riverfrontmodern city similar to Dubai.
A member of the Ravi Urban Development Authority (RUDA), Iftikhar AliMalik, revealed this following a meeting with a delegation of builders anddevelopers that was jointly chaired by Zain Zubair Khalid Mirza and ShehrozHassan on Sunday.——————————
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According to Malik, the Government of China and Chinese companies areinterested in an initial investment of $3 billion in this project thatexcludes all kinds of loans. The ANGCC, which is a Global InvestmentConsortium, has offered an investment of $5 billion on a partnership basis.
Two more Chinese companies, a member company of the 4C conglomerate ChinaRoad and Bridging Company (CRBC), and the China Gezhouba Group CompanyLimited (CGGC) have signed a Memorandum of Understandings (MoU) with RUDAfor multi-billion dollar investment in the mega project. Both of thesecompanies are already involved in the successful execution of severalinfrastructure projects in Pakistan.——————————
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Malik said
Prime Minister Imran Khan is well-known globally and his personality doesmatter. That’s why a number of foreign investors have reposed fullconfidence in the historic package of incentives offered by the PTIgovernment to investors.
The members of the delegation of builders and developers included ChaudhryKhalid Pervaiz, Ahmad Waqar, Kamran Shafique Chaudhry, Imran Mughal, AtharAziz, Dawood Khalid, Junaid Iftikhar, Atiqur Rehman, and Azeem Pervaiz.
