Minister sees huge foreign inv’t in housing sector
ISLAMABAD: Federal Housing Works Minister Rehmatullah Kakar Monday said the country's housing industry is poised for huge investment opportunities led by a demand for over 8 million housing units from the burgeoning population.
"We foresee greater foreign direct investment which has already picked up in the country, having contributed nearly 30 per cent to the overall investment recorded in the housing sector during the last five years," the Minister said while talking to UAE Emaar Pakistan delegation headed by Matt Cronje, Country General Manager.
The Minister observed that growth in foreign direct investment had been fuelled by pro-investment policies and the possibility of good returns and economic gains in the housing sector which had been a major factor behind international players further expanding their operations in the country.
He added that boosting the housing sector will contribute significantly to economic stability and also help create new employment opportunities for the youth.
He appreciated the investment of Emaar in the country's housing sector and hoped it will set an example for more foreign investment in this industry.
The Emaar delegation briefed the Minister about their construction activities across the world and in Pakistan. They said the investors could benefit from the tremendous investment opportunities in Pakistan's housing projects for the mutual advantage. -App