Pakistan Announces Construction Of First Modern Theme Park In Islamabad
ISLAMABAD: Pakistan’s first international-standard modern theme park will be built in the federal capital, Islamabad, with substantial investment from Saudi investors, while the Capital Development Authority (CDA) will provide the required land.
A formal signing ceremony for the project was held at Lahore’s historic Gaddafi Stadium. Federal Interior Minister and Pakistan cricket Board Chairman Mohsin Naqvi attended as the chief guest. The memorandum of understanding was signed by Saudi-Pakistan business Council Chairman Prince Mansour bin Mohammed Al Saud and CDA Chairman Sohail Ashraf. Senior CDA members and other prominent members of the Saudi delegation were also present.
It was stated that Federal Interior Minister Mohsin Naqvi warmly welcomed the defence and economic partnership and agreement, and congratulated Prince Mansour bin Mohammed Al Saud.Under the agreement, Saudi investors will be responsible for fully financing the grand theme park project in Islamabad, while the CDA will provide land at a prime location.
Addressing the ceremony, Interior Minister Mohsin Naqvi warmly welcomed the distinguished guests from Saudi Arabia and said Islamabad’s infrastructure was being developed along the lines of the world’s most modern and advanced cities. He said the theme park would prove to be a “game changer” for Pakistan’s and Islamabad’s real estate and tourism sectors.
He said the Government of Pakistan would provide Saudi investors with every possible facility and security. The government also plans to hold a major roadshow in Saudi Arabia in the coming months to showcase Pakistan’s real estate sector.
On the occasion, Saudi-Pakistan Business Council Chairman Prince Mansour bin Mohammed Al Saud also shared his views. He described the agreement as a welcome development and said Pakistan, particularly Islamabad, offered numerous excellent opportunities for foreign investment.