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 world’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.
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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.