Naguib Sawiris, Chairman of Ora Developers, during his two-day visit to Pakistan met with Prime Minister Imran Khan. The meeting was attended by Minister for Overseas Pakistanis Zulfiqar Bukari and the top management of Eighteen, says a press release issued here on Monday.
The meeting was themed around the multibillion dollar investments that Sawiris has made over the years in telecom and now in the real estate sector. The multi-billionaire expressed interest in exploring business opportunities in the sectors of mining, tourism and developing a progressive programme for the banking sector through SME banks. The Egyptian investor expressed his trust in the Pakistani market and shared future expansion plans in the real estate sector.
Prime Minister Imran Khan appreciated Naguib's confidence in Pakistan and reassured the government's support and facilitation. The Premier further said that Pakistan is proving to be one of the most attractive countries to invest in, with the country now standing at an improved position in the ranking for "Ease of Doing Business" by the World Bank.
On the occasion, Sawiris further expressed his interest in providing impetus through investing in the 5 million Low End Housing Scheme introduced by Imran Khan. This interest stands particularly aligned with the US$2 billion investment that Sawiris made in the real estate sector in 2017. The investment brought to stage a world-class lifestyle destination development, under the brand name of Eighteen.
Eighteen is a 2.7 million square yards gated community being led by Ora Developers in partnership with the Saif Group and Kohistan Builders and Developers. Located in the 18th District, to the south-west of downtown Islamabad, it offers the highest quality of design and construction, which will set new standards in accommodation and amenities for Pakistani real estate.
On the following day at the press conference, Zulfiqar Bukhari while welcoming Sawiris, complimented by saying, "Naguib is a revolutionary businessman. While we are exploring business opportunities in mining, tourism and banking, we would also want Naguib's involvement in making Naya Pakistan and we would want to benefit not only from his investments but also from his experience and vision."
At the conference, Anwar Saifullah said, "I am proud to have my name associated with Eighteen, as the Co-Chairman, and as business partner of Naguib Sawiris. We have over a decade of successes lined with this partnership and believe we will only be able to achieve more in the years to come."
Naguib Sawiris, Chairman of Ora Developers, commented: "Today we have shown our progress, commitment and delivery against a promise we had meet in early 2018. Eighteen, I believe, is now set to revolutionize real estate projects in Pakistan. We are creating a city within a city that is redefining the concept of destination living in Pakistan. I am very pleased to be involved with the project and have complete trust in the people and market of Pakistan."-PR
Copyright Business Recorder, 2019
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