Chinese investment in Pakistan’s infrastructure driving country’s real estate growth
Foreign investors are pouring more capital into Pakistani real estate as Chinese infrastructure investment improves the country’s accessibility Rather than investing in the center of densely populated cities like Karachi, foreign investors are tending to create urban clusters in more peripheral locations The Pakistani property market has experienced growing interest in recent years, largely due to close international ties between China and Pakistan. In 2013, Chinese President Xi Jinping announced the China-Pakistan Economic Corridor (CPEC), a $62bn project to develop Pakistani infrastructure and energy. With better access to cities across Pakistan, investors are seeing more opportunities to build on the land near these new developments. CPEC projects include the $2.8bn Peshawar-Karachi Motorway, set to open in August 2019, and the East Bay Expressway in Gwadar Port in the south, which is due to be completed later this year. Both will dramatically help to facil...
Comments
Post a Comment