Islamabad (Pakistan News): Federal Interior Minister Mohsin Naqvi has announced plans to launch a modern residential and entertainment project in the capital modelled on Manhattan, inviting Saudi investors to invest in Pakistan.
Addressing the Saudi Real Estate Expo, Mohsin Naqvi said a one-window operation would be introduced to simplify the investment process in Pakistan. Through this system, approvals and other necessary procedures for projects would be expedited, with the aim of completing them in days rather than weeks or months.
The federal minister said the plan was to develop a Manhattan-style project in Islamabad, featuring residential facilities and other amenities surrounding a central park. He added that a plan to modernise Islamabad’s Safari Park was also under consideration, including proposals to increase the number of animals and expand recreational facilities.
Mohsin Naqvi said Pakistan offered extensive investment opportunities in the recreational and residential development sectors. He added that the government would involve relevant stakeholders in the auction process to encourage investor interest and ensure transparency.
He expressed hope that Saudi investors would invest in residential and recreational projects in Pakistan. He said the government was taking steps to facilitate investors and speed up the project approval process.