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LAHORE, Feb 1 Asia Pulse - Chosun Construction of South Korea and Shafsal Limited of Pakistan will jointly invest US$500 million to develop various commercial and residential projects in Pakistan.
Addressing a joint press conference at Lahore Press Club on Saturday Myung Kim, Chief Executive of Chosun Construction and Muhammad Saleem Bhatti, Chief Executive of Shafsal Limited, informed the media that both sides had agreed to jointly develop various projects, including residential complexes, shopping malls, country clubs, fitness centers in Lahore and Islamabad.
These projects worth $500 million will be of international standard and incorporate earthquake proof design constructions, they added.
They said that the joint initiative augured well for the real estate sector in Pakistan, which had come under pressure in the recent months following an ...
Source: HighBeam Research, PAKISTANI, S KOREAN FIRMS TO INVEST US$500 MLN IN CONSTRUCTION SECTOR.