A new joint venture was established with the goal of investing $300 million over the following five years in order to bolster Pakistan’s real estate sector and draw in international investment.
Reportage Properties, the top real estate developer in the United Arab Emirates with its headquarters in Abu Dhabi, and Empire Holding Pakistan, the top residential and commercial real estate firm in Lahore, Pakistan, have entered into a joint venture to begin operations in the rapidly expanding Pakistani real estate market.
The signing ceremony was held last Sunday at the Yas Hilton Hotel in Abu Dhabi as part of a special event hosted by Reportage Properties on the fringes of a special sales day.Reportage Properties’ managing director Andrea Nucera and Empire Holding Pakistan’s managing director Faisal Iftikhar inked the contract.
A new business called “Reportage Empire Pakistan” will be established in accordance with this agreement, which aims to improve cooperation between the two companies. Its goals will be to investigate potential real estate projects in the Pakistani market and create the necessary marketing strategies, as well as a long-term plan for the company’s expansion.
Empire of Reports Pakistan is also well-positioned to transform the country’s real estate market by creating turnkey projects with exceptional value and creative design. In order to stimulate the economy and create jobs, the company wants to expand by starting projects in all of Pakistan’s main cities and by luring foreign direct investments.
By providing access to international standards and a high standard of living, the company will give Pakistani customers the chance to invest in real estate in both Pakistan and the United Arab Emirates.In line with this arrangement, a new company named “Reportage Empire Pakistan” would be founded with the goal of enhancing collaboration between the two businesses. Its objectives will be to research possible real estate projects in the Pakistani market, develop the required marketing plans, and formulate a long-term expansion strategy for the business.
Empire of Reports Pakistan is also in a good position to revolutionize the real estate industry in the nation by developing turnkey projects that offer outstanding value and innovative design. The company aspires to grow by initiating projects in all of Pakistan’s major cities and by attracting foreign direct investments in order to boost the economy and create jobs.
According to Nucera, the two companies’ collaboration is consistent with the long-standing and robust ties between Pakistan and the United Arab Emirates as well as ongoing progress in a number of areas, most notably the economy.
He clarified that by introducing Reportage Properties to the lucrative Pakistani market, working with Empire Holding Pakistan will mark a significant advancement in the company’s growth trajectory.According to Faisal Iftikhar, Mangan Director of Empire Holding Pakistan, “We welcome cooperation with Reportage Properties, which is one of the most important major real estate companies in the region with a large portfolio that includes 35 projects in the UAE, Egypt, Turkey, Morocco, Saudi Arabia, and East Africa.”
He clarified that “Reportage Properties” has a strong track record of creating several qualitative initiatives that stand out for offering highly effective and high-quality services.According to Empire Holding Pakistan CEO Asad Kayani, the company has committed $300 million in initial investments over the next five years. Its first project will be in Lahore and will feature amenities that meet UAE excellence standards as well as international engineering standards. Future expansion is anticipated to begin in Islamabad and go on to other Pakistani cities.
