UAE companies to invest USD 20-25 Billion in Pakistan through ABAD
KARACHI: A conglomerate of Real Estate companies from the United Arab Emirates will invest 20 to 25 US Dollars in real estate industry of Pakistan through Association of Builders and Developers of Pakistan (ABAD). Chairman ABAD Asif Sumsum has welcomed this initiative and announced full support for the economic development and prosperity of Pakistan.
This was announced by a strong delegation of various UAE-based Pakistani Real Estate companies including ALMIR, Habib Group, Mark Stone lead by Advisor to Government of Pakistan for Overseas Pakistanis in Gulf Countries Sardar Qaiser Hayat. Karim Amir Ali Chairperson Almir Real Estate Brokerage Dubai, Hafeez Habibi Chairman Habibi Group, Sami Sajid Director Habibi Group, Sajid Siddiqui Mark Stone, Rehan Khan, Miss Afshan Khan, Rohail Rahim, Altaf Essa, Wasimyar Baig were included in the delegation. Chairman ABAD Asif Sumsum, Senior Vice Chairman Ibrahim Habib, Vice Chairman Zeeshan Siddiqui former chairman Fayyaz Ilyas, former vice chairman Nadeem Jeewa and a number of ABAD members were present on this occasion.
Addressing the meeting, Advisor to Government of Pakistan for Overseas Pakistanis in Gulf Countries Sardar Qaiser Hayat said that investment form real estate companies of UAE in construction industry of Pakistan will bring prosperity in Pakistan and Pakistanis will get international standard residential facilities. He said Overseas Pakistanis want to invest 20 to 25 Billion US dollars in Pakistan. He said that Pakistan’s political and armed forces leadership assure Overseas Pakistanis for safety of their investment in Pakistan. He said that ABAD is the only representative Association of builders and developers of Pakistan and that ABAD is also assisting the government to form policies for development of construction industry. He said that being the lone representative organization ABAD could become the best source of investment for foreign companies.
Welcoming announcement of UAE companies’ investment plan in real estate industry of Pakistan, Chairman ABAD Asif Sumsum said that huge investment of 25 billion US dollars from UAE companies will bring economic revolution in Pakistan. He assured of full support form ABAD to UAE companies. He said that increasing population and Urbanization are providing best opportunities to real estate companies in construction industry of Pakistan. He said that short fall of more than 12 million housing units in Pakistan is a golden opportunity for real estate investors. Karim Amir Ali, Sami Sajid and others also spoke on this occasion.
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