Gulf investors boost Pakistan real estate sector

Published January 23rd, 2006 - 09:47 GMT
Al Bawaba
Al Bawaba

Foreign investment, particularly from Dubai, Gulf, and Saudi Arabian firms and investors is already coming into hotel, hospitality services, office space, plazas and housing in Pakistan. It follows the biggest real estate boom in the country’s history, over the last four years, Khaleej Times reported. It has propelled property values and rents extremely high, it added. The demand from the overseas Pakistanis, especially those working in the Gulf, Saudi Arabia, and Middle East is one of the major causes of this boom.