A group of Pakistani real estate companies based in the United Arab Emirates (UAE) are interested in investing billions of dollars in Pakistan’s construction sector. The companies, including Almir, Habibi Group, and Mark Stone, met with the Association of Builders and Developers of Pakistan (ABAD) in Karachi to explore investment opportunities in the real estate sector.
The delegation, led by Sardar Qaiser Hayat, an advisor to the government of Pakistan for Overseas Pakistanis in Gulf Countries, discussed the potential investments. ABAD Chairman Asif Sumsum expressed support for the economic development and prosperity of Pakistan and welcomed the initiative.
Hayat stated that overseas Pakistanis aim to invest $20 to $25 billion in Pakistan. He highlighted that the political and armed forces leadership have assured the safety of investments in the country. ABAD, as the representative association of builders and developers in Pakistan, is ready to assist the government in forming policies for the development of the construction industry.
Sardar Qaiser Hayat added that ABAD could become the best source of investment for foreign companies due to its position as the sole representative organization. Sumsum emphasized that significant investment in Pakistan’s real estate sector would bring about an economic revolution in the country.
Asif Sumsum pointed out that with the increasing population and rapid urbanization, there are ample opportunities for real estate companies in Pakistan’s construction industry. He highlighted that the country currently faces a shortfall of over 12 million housing units, providing a golden opportunity for real estate investors.
