Modern City Near Lahore – Government Announces Massive Project
LAHORE: Special Assistant to the Prime Minister Shahbaz Gill has termed the Ravi River project as a masterpiece of architecture.
According to the news sources, Special Assistant to the Prime Minister on Political Communication Shahbaz Gill said that Prime Minister Imran Khan has decided to establish a new modern city near Lahore.
In a press conference at the office of Ravi Urban Development Authority (RUDA) here on Wednesday, sharing details regarding the new city, the SAPM said that 1900 flats, six schools, and a modern industrial zone would be established in the new city. Saudi investor Khalid bin Abdul Aziz was also present at the occasion.
A renowned Saudi Real Estate Company has been agreed to make an investment of about US $ 600 million in this sector for developing the entire industrial zone near Ravi.
While talking to the media, Gill said that’’ we welcome the Saudi brothers’ investment in our land. These projects will be owned by the Punjab government after 10 years, he revealed, adding that foreign participation in such projects will strengthen the country’s economy and we will not have to take loans from outside. He, along with the Saudi investor, said that the project will be inaugurated in January 2022’’.