Egyptian corporations will invest in the Pakistani real estate market
On December 19, news sources said that a group of Egyptian investors met with Federal Minister for Finance and Revenue Senator Mohammad Ishaq Dar in Islamabad and said they were interested in investing in Pakistan’s real estate market.
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Senator Dar was excited to invite Egyptian businesspeople to invest in Pakistan, especially in the real estate market, and he promised that the investors would get all the help they needed. During a meeting with Mr. Tarek Hamdy, CEO of Eighteen Elite Real Estate, a subsidiary project of well-known Egyptian businessman Mr. Naguib Sawiris, the minister said that he wanted to improve the business relationship between the two countries.
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Mr. Hamdy told Minister Dar about his company and how it has worked with Pakistan in the past in the fields of telecommunications and real estate. The minister thanked Mr. Sawiris for his help and said that the current government is doing everything it can to make it easy for international investors to come to Pakistan and take advantage of the investment opportunities there.
It is important to note that many international companies, including Saudi companies, want to invest in Ravi Urban Development Authority (RUDA) and Central Business District (CBD), which is run by Lahore Central Business District Development Authority (LCBDAA). Long-term investments will be made to build infrastructure that is both high-rise and good for the environment.