In a groundbreaking move, the Dhabi Group from the UAE has formalized a monumental agreement with the Punjab Government, marking an investment of Rs60 billion in the Pakistani province. As per official documents, the UAE’s tallest building, the ‘Mubarak Centre,’ is set to grace the banks of the River Ravi in Lahore, following a memorandum of understanding signed by Chief Minister Sardar Usman Buzdar and UAE Minister for Tolerance and Coexistence, Sheikh Nahyan bin Mubarak, during the Chief Minister’s three-day visit to Dubai.

The ‘Mubarak Centre’ project is poised to integrate commercial, residential, and entertainment facilities, symbolizing a strategic move aligned with the vision of Pakistani Prime Minister Imran Khan to create a favorable environment for foreign investors, as highlighted by Buzdar.

“This new project along the River Ravi will herald a new era of progress in Lahore,” expressed the chief minister, emphasizing the successful launch of the Central Business District Project to attract further foreign investment.

Acknowledging the Punjab government’s efforts, Sheikh Nahyan announced substantial investments in the province’s construction sector and detailed that Dhabi Group, through Taavun (Pvt) Ltd, would oversee the construction of the Mubarak Centre.

Chief Minister Buzdar revealed that the ambitious project would attract an investment exceeding Rs60 billion in Lahore’s construction sector, providing state-of-the-art accommodations, including facilities for international cricket teams upon completion. He lauded the collaboration, expressing confidence that Dhabi Group’s expertise would ensure the timely realization of this historic mega project.

“Mubarak Centre is poised to be a true game-changer,” asserted Buzdar, extending congratulations to the Dhabi Group on this significant agreement. He highlighted the government’s commitment to facilitating foreign investors, emphasizing the establishment of the CM Facilitation Centre for this purpose.

With the construction of new special economic zones and Lahore’s entry into a phase of sustainable development, the region, under the leadership of Chief Minister Buzdar, is poised for transformative growth.