Damac Investment Company of Dubai has shown its keen interest to make an investment of around Rs 20 billion in various projects in Pakistan, with particular focus on real estate sector.
The interest was shown by a two-member delegation of the company during its recent visit to Pakistan, which aimed at exploring possibilities of investment opportunities in the country.
The delegation comprising Hussain Sajwani and Peter R. Riddoch, chairman and chief executive officer, respectively of the company during their stay in Pakistan held meetings with the minister for housing and works and discussed business opportunities in real estate and construction sectors in Pakistan.
During its stay, the delegation also met chairman Senate, Mohammedmian Soomro and briefed him about business plans of their company in Pakistan, says a press release issued here on Tuesday.
Hussain Sajwani, chairman Damac investment company informed the chairman Senate that his company was fully convinced that there existed vast opportunities for investment in the construction sector in Pakistan and that his company wanted to avail of the facilities provided by the government of Pakistan.
He apprised the chairman of his company's development plans and said that Damac Investment Company's proposed investment project in different parts of the country amounted to Rs 20 billion and that it intended to develop bilateral relationship private sector.
Chairman Senate appreciated the company's investment plans in the country and said that Pakistan has not only a well developed infrastructure but has one of the best performing stock markets as well.
Mohammedmian Soomro said that Pakistan was open to foreign direct investment and that the real estate and construction sector has a promising future.
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