LCBDDA, RUDA urge converting Pak-Saudi strategic partnership into business relations

By: News Desk      Published: 09:16 PM, 26 Oct, 2021
LCBDDA, RUDA urge converting Pak-Saudi strategic partnership into business relations
LCBDDA and RUDA accompanied PM delegation at Saudi-Pak Investment Forum

A delegation from Lahore Central Business District Development Authority (LCBDDA) and Ravi Urban Development Authority (RUDA) joined Prime Minister Imran Khan for bilateral interaction at Saudi-Pak Investment Forum in Riyadh, Saudi Arab to discuss investment opportunities in the housing and construction sector of Pakistan. 

Prominent Pakistani and Saudi businessmen and entrepreneurs stressed converting Pakistan-Saudi strategic partnership into strong business relations hoping Saudi-Pak Investment Forum will help achieve the goal.

Mohammad Omer, Executive Director Commercial LCBDDA Punjab lead both the authorities on this visit and accompanied PM Imran at Saudi-Pak Investment Forum to discuss real estate and construction sector business potential in Pakistan. The Investment Forum was also attended by senior representatives of the leading Saudi companies and entrepreneurs as well as Pakistani businessmen.

While addressing at the Saudi-Pak Investment Forum PM Imran said “Saudi companies and entrepreneurs should benefit from Pakistan’s strategic location as well as the huge investment prospective in diverse areas of the economy including housing and construction for mutual benefit.”

The PM emphasized the mega-development projects of Ravi City and Central Business District in Lahore and said it is the right time for Saudi investors to benefit from these projects.

LCBDDA promises to give bespoke opportunities and build infrastructure on smart cities concept with sustainable values for the future generations to come. Whereas Ravi City is going to be Pakistan's first multipurpose and comprehensively planned city. With unique features and immense growth potential, the city will become home to vast investment possibilities.