UAE Firm’s $200 Million Joint Pakistan Investment

Enshaa Holdings of Sharjah, UAE with its joint venture partner NLC of Pakistan, has planned to invest $200 million in Karachi where the NLC has bought 13,000 square yards of Pakistan Railways land in an open bid against the price of Rs2.3 billion. Shaikh Tariq Al Qassimi said: "The investment environment and rapid growth in Pakistan has encouraged the UAE investors to develop property initiatives in Pakistan." The Prime Minister appreciating the deal said it would enable quality construction. He said there was no distinction between local and foreign investors and everyone has equal opportunities to invest in Pakistan.