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Wednesday, April 17, 2024

CM Buzdar brings Rs 60b investment from UAE

CM Usman Buzdar was the chief guest at the ceremony as Dhabi Group shows interest in Punjab.

Punjab Chief Minister Sardar Usman Buzdar took a successful visit of Dubai and due to his personal interest and endeavours, Dhabi Group agreed to make Rs. 60 billion investment in Punjab.

According to a handout issued here on Sunday, the CM met United Arab Emirates (UAE) Minister Sheikh Nahyan Bin Mubarak in Dubai.

The host accorded a warm reception to the chief minister. Sheikh Nahyan Bin Mubarak announced making mega investment in the construction sector of Punjab and in this regard an agreement between the Punjab government and Dhabi Group had been finalised in Dubai.

A memorandum of understanding (MoU) had been inked for the revival of construction of Mubarak Centre during a ceremony.

Read more: UAE investors pour money in Pakistan’s retail sector

CM Usman Buzdar was the chief guest at the ceremony as Dhabi Group would construct Mubarak Centre in Lahore under the auspices of Taavun (Pvt) Ltd. The Punjab government would provide all possible cooperation with regard to the construction of the Centre.

The chief minister, while expressing his views on the occasion, remarked that more than Rs. 60 billion investment would be made in the construction sector of Lahore. It would provide accommodation to the international cricket teams with the completion of this project, he added.

He said that Dhabi Group and the Punjab government were going to build the tallest building in Lahore. He stated that he would congratulate the head of Dhabi Group and the officials concerned on signing the agreement. He hoped that Dhabi Group would utilise its utmost professional abilities in order to complete the historical mega project.

The CM underscored that Mubarak Centre would prove to be a game changer in real terms. He outlined that Punjab government had provided a conducive environment for investment owing to the vision of Prime Minister Imran Khan. He said that new Special Economic Zones were being constructed.

Usman Buzdar emphasised that a new project to be built on the bank of River Ravi would usher in a new era in Lahore along with proving to be a game changer. He stated that Central Business District Project had also been launched at Walton, Lahore.

Read more: UAE’s Shorooq Partners to open first office in Pakistan

The CM stressed that Punjab including Lahore had entered into a new phase of sustainable development. Usman Buzdar said that the CM Facilitation Centre had been set up to facilitate the foreign investors.

Courtesy: APP