The Ravi Riverfront Urban Development Project (RUDP) has attracted foreign investments of over $8 billion to develop the world’s largest riverfront modern city similar to Dubai.
A member of the Ravi Urban Development Authority (RUDA), Iftikhar Ali Malik, revealed this following a meeting with a delegation of builders and developers that was jointly chaired by Zain Zubair Khalid Mirza and Shehroz Hassan on Sunday.
According to Malik, the Government of China and Chinese companies are interested in an initial investment of $3 billion in this project that excludes all kinds of loans. The ANGCC, which is a Global Investment Consortium, has offered an investment of $5 billion on a partnership basis.
Two more Chinese companies, a member company of the 4C conglomerate China Road and Bridging Company (CRBC), and the China Gezhouba Group Company Limited (CGGC) have signed a Memorandum of Understandings (MoU) with RUDA for multi-billion dollar investment in the mega project. Both of these companies are already involved in the successful execution of several infrastructure projects in Pakistan.
Prime Minister Imran Khan is well-known globally and his personality does matter. That’s why a number of foreign investors have reposed full confidence in the historic package of incentives offered by the PTI government to investors.
The members of the delegation of builders and developers included Chaudhry Khalid Pervaiz, Ahmad Waqar, Kamran Shafique Chaudhry, Imran Mughal, Athar Aziz, Dawood Khalid, Junaid Iftikhar, Atiqur Rehman, and Azeem Pervaiz.