Ravi Riverfront Project Attracts $8 Billion in Foreign Investments

The Ravi Riverfront Urban Development Project (RUDP) has attracted foreign investments of over $8 billion to develop the worldโ€™s largest riverfront modern city similar to Dubai.

A member of the Ravi Urban Development Authority (RUDA), Iftikhar Ali Malik, revealed this following a meeting with a delegation of builders and developers that was jointly chaired by Zain Zubair Khalid Mirza and Shehroz Hassan on Sunday.

Ravi Riverfront Project Attracts $8 Billion in Foreign Investments

According to Malik, the Government of China and Chinese companies are interested in an initial investment of $3 billion in this project that excludes all kinds of loans. The ANGCC, which is a Global Investment Consortium, has offered an investment of $5 billion on a partnership basis.

Ravi Riverfront Project Attracts $8 Billion in Foreign Investments

Two more Chinese companies, a member company of the 4C conglomerate China Road and Bridging Company (CRBC), and the China Gezhouba Group Company Limited (CGGC) have signed a Memorandum of Understandings (MoU) with RUDA for multi-billion dollar investment in the mega project.

Both of these companies are already involved in the successful execution of several infrastructure projects in Pakistan

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