Al-Ghurair Giga Pakistan will invest more than 10 million dollars in various housing and commercial projects including supermarket chain and a five-star hotel in Pakistan in near future.
This was stated by the vice-chairman of the group, Haji Muhammad Rafiq Giga while talking to newsmen after the inauguration of international property conference IPEC 2006 at Karachi Expo Centre here on Friday.
He said that work on a large residential project in Islamabad has started while the work on supermarket will begin in September this year. Another mega housing project will be announced for Karachi in-next couple of months.
Rafiq Giga said that several memorandum of understanding (MoUs) have been signed with local partners for the start of housing schemes in various cities of Pakistan.
He said that Al-Ghurair Giga Pakistan, a joint venture between UAE and Pakistan, would start a supermarket chain in Pakistan. First outlet will be launched in Islamabad followed by other outlets in Karachi and other major cities of Pakistan.
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