Government of Qatar will construct City Centre, a grand commercial centre in Karachi with the estimate investment of 2 billion dollar including the seven star hotel, shopping centre and offices. This was stated by ambassador of Qatar Hamad bin Ali Al-Hinzab who called on City Nazim Syed Mustafa Kamal in his office on Thursday.
He also presented invitation of Qatar to City Nazim from the Ruler of Qatar Sheikh Hamad bin Khalifa Al-Thani. The ambassador of Qatar while talking to newsmen said the co-operation of trade and investment are being increasing between the two countries which will also extend maximum facilities to the citizens of Pakistan and Qatar.
He said the visit of Qatar's Amir of Pakistan is expected soon and he will visit Karachi to lay down foundation stone for the projects of Qatar's government. He further said the invitation from Qatar's Amir have been given to City Nazim Syed Mustafa Kamal and hoped that he will visit Qatar soon which will increase relations between these two countries.
The City Nazim Syed Mustafa Kamal on this occasion said the Amir of Qatar is being visiting Pakistan on the invitation of President of Pakistan and he will lay down foundation stone for City Centre in Karachi. The project of City Centre, a grand commercial centre will be completed with the estimated cost of 2 billion dollar by Qatar government.
He also assured that he will visit Qatar before the Amir of Qatar and it is expected in this current month. He further mentioned that during his visit to Qatar, the projects of Qatar government to invest in Karachi will be finalised.
He pointed out that this will be a major investment in Karachi which is also being made on the present government's policies of public/private partnership.
He also mentioned that the City District Government Karachi under the public/private partnership will grant land for the purpose of constructing City Centre and it will be a joint venture to increase revenue for city government while commercial and trade activities in city will boost. He further added that the work on this project will start within weeks.-PR