Expo 2020: $1 billion worth of deals secured for Lahore mega developments

dubai, development, ruda, aid,
UAE
  • Date: 07-Nov-2021
  • Source: MENAFN
  • Sector: Economy
  • Country: UAE
  • Who else needs to know?

Expo 2020: $1 billion worth of deals secured for Lahore mega developments

The Punjab government will sign memoranda of understanding (MoUs) worth $1 billion at Expo 2020 Dubai this month that will help accelerate work on multi-billion development projects in Lahore, a top official says. Imran Amin, chief executive officer of Ravi Urban Development Authority (Ruda), said Expo 2020 Dubai is a wonderful event offering immense business potential to participating nations. "Expo is an excellent platform to connect 190-plus nations at one place. We have very fruitful discussions with local investors and Pakistani diaspora to invest in over $9 billion Ruda project," Amin told Khaleej Times during an interview on the sideline of an event hosted by Pakistan Association Dubai. Elaborating, he said Ravi Urban Development Authority will collaborate with Dubai Sustainable City to develop a similar infrastructure at Ruda for sustainability. "We want to replicate the success of Dubai business model in Pakistan. Today, we are at the same stage where Dubai was 15 to 20 years ago," Amin said. In addition, he said Ruda is also working on Masdar sustainable business model and will incorporate some of its key features in the development. Amin said Central Business District (CBD) and Ruda are flagship projects of the Punjab government and designed

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