International Spectrum Development Inc (ISDI), US based multinational company, would build an international standard entertainment park with 10 million dollars in Defence Housing Society Phase-I. A memorandum of understanding (MoU) was signed between the Defence Housing Authority (DHA) and International Spectrum Development Inc (ISDI) here on Thursday. Major General Lincoln Jones (Retd), Chairman ISDI signed the memorandum on behalf of his organisation while Brigadier Zahid Waheed Butt (Retd) was representing the DHA. The high officials of the DHA and ISDI were present on the occasion.
Both the sides have agreed to build a mega entertainment park at Defence Housing Society Phase I with the investment of 10 million dollars at an area of 11 acre. The DHA would assist the ISDI to establish the foundation of the project.
According to MoU, the ISDI in this international standard entertainment park, would construct a 24-32 lane bowling centre, indoor amusement park with multi-rides and games, miniature golf course, amusement arcade, multi function space, children's play area, internet cafe, skating rink, various retail facilities, multiple food venues including a high end restaurant.
The MoU reads that the entire structure would be self contained fully air-conditioned and contemporary with the surrounding area. The ISDI in second stage of the project would construct an outdoor water park/theme park, live entertainment areas and shops in the specified land, based on experience for the work done in stage-I.
Addressing the media men after MoU signing ceremony, Lincoln Jones said that the project is a unique and would provide international standard amusement to people of Pakistan. "We have build such a project in Texas and it would be first of its kind outside America", he added.
He said that the successful completion of his project would open new vistas of investment in Pakistan and attract more foreign investors towards this country. "It would be very exciting to work with DHA people in such a great conducive atmosphere", he added.
Responding to a question, General Jones said that the atmosphere in Pakistan is of course business and investment friendly. "People in America particularly Pakistani Americans want to invest in Pakistan in different projects. Once they were provided better atmosphere and security, they would rush towards Pakistan", he added.
Speaking on the occasion Administrator of the DHA, Brigadier Zahid Waheed Butt (Retd) said that this amusement park would be a unique of its kind in Pakistan and provides better and healthy entertainment to people. "It would be an amusement facility open to all Pakistanis. It would not be for people living in DHA", he added.
This is a big achievement that DHA brought foreign investors here and surely it would open avenues of investment in Pakistan, he said adding that implementation on this project would pass a message to entire world that Pakistan is a safer place for investors.
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