UAE (Based-Pakistani) firms to invest $25bn in real estate industry

[-=virus=-]

Fauj ki nonstop mauj.

 

[_NOBODY_]

Why not invest in startups or manufacturing sector?

Startup funding will gradually increase as the economy recovers. As much as I would love to see investments in large scale manufacturing, I don't see it happening for at least a year. We should go all out in improving our agriculture and IT industry. We need to greatly shrink our trade deficit in a way that doesn't sacrifice out economic growth hence I am advocating to go all out in agriculture and IT industry. Once our trade deficit shrinks, we will start seeing significant investments in large scale manufacturing.

@VCheng @waz @Meengla @farok84 @Bleek @FuturePAF Am I wrong?

 

[VCheng]

Startup funding will gradually increase as the economy recovers. As much as I would love to see investments in large scale manufacturing, I don't see it happening for at least a year. We should go all out in improving our agriculture and IT industry. We need to greatly shrink our trade deficit in a way that doesn't sacrifice out economic growth hence I am advocating to go all out in agriculture and IT industry. Once our trade deficit shrinks, we will start seeing significant investments in large scale manufacturing.

@VCheng @waz @Meengla @farok84 @Bleek @FuturePAF Am I wrong?

Good points, but Pakistan's investment and development needs are dire all across the board. Any area that receives such support is important and will deliver tangible benefits in short order. We have to start somewhere.

 

[FuturePAF]

Good points, but Pakistan's investment and development needs are dire all across the board. Any area that receives such support is important and will deliver tangible benefits in short order. We have to start somewhere.

Two points.

1. Terms and condition should be read, so that long term interests are not jeopardized. I know it says real estate, but when local demand will be limited, these firms could easily pivot to other assets. The independence of Karachi port from a takeover by an Adani backed UAE company has to be prevented.

2. I agree that it has be to an all across the board approach of attracting FDI, but promises of FDI have a way of undermining the impetus to make domestic reforms. Reforms need to be done reagardless of if the FDI is coming. If it comes it should be seen as a bonus, but not central to the strategy for growth and recovery.

 

[Olympus81]

Smells of Asim’s claim that investment of billions from Middle East is coming soon.

The Saudi prince MBS did not even bother landing in Pakistan, when he was travelling back from India.

This is all BS.

 

[uhuru]

Get over real estate garbage ,,, invest in exports and local manufacturing industry ...

It is a way to reticular old money into new.

you are right, investments in education, R&D, technology and manufacturing and these idiots want only houses... for the elites.

 

[idetepard]

I’ve seen some family friends try to grow their small businesses in Pakistan, like manufacturing or other hands-on work, but they always hit a wall because there’s no proper support or funding.

 

[idetepard]

It’d be cool if some of this investment went into things like that instead. Real change happens when these big moves actually help people on the ground. I came across https://blackeaglefg.com/ recently—it’s good for understanding how financial strategies tie into development ideas like these.

 

[PradoTLC]

KARACHI: A conglomerate of Real Estate companies from the United Arab Emirates will invest USD 20 to 25 billion in the real estate industry of Pakistan.

This was announced by a strong delegation of various UAE-based Pakistani Real Estate companies including ALMIR, Habib Group, and Mark Stone led by Advisor to Government of Pakistan for Overseas Pakistanis in Gulf countries Sardar Qaiser Hayat.

Addressing the meeting, Advisor to the Government of Pakistan for Overseas Pakistanis in Gulf countries Sardar Qaiser Hayat said that investment from real estate companies of UAE in the construction industry of Pakistan would bring prosperity in Pakistan and Pakistanis would get international standard residential facilities.

He said ABAD was also assisting the government in formulating policies for the development of the construction industry.

Chairman ABAD Asif Sumsum has welcomed this initiative and announced full support for the economic development and prosperity of Pakistan.

He said the investment of USD 25 billion from UAE companies would bring economic revolution in Pakistan. He assured the provision of complete facilitation and support to UAE realty groups for materializing their projects.

Sumsum said the lack of over 12 million housing units coupled with increasing urbanization and population growth had created ideal opportunities for international real estate developers to undertake mass housing and construction projects in Pakistan.

UAE firms to invest $25bn in real estate industry

KARACHI: A conglomerate of Real Estate companies from the United Arab Emirates will invest USD 20 to 25 billion in...

www.brecorder.com

Comment- Real Estate FDI's are a double edged sword - depends on how GOP uses this money (FYI IK also had such plans but to support our forex res so our exports can grow)
Also when they say we are "Planning to" that means they're considering by no means does it mean they'll 100% 'actually" do as they say so I'll take it with a grain of salt

lol

seriously some people have zero analytical capability

over 1 milllion Pakistanis have left over the last 3 years

Pakistanis are one of the highest investors in UAE real estate market

so why would any one invest there?