ISLAMABAD: Qatar’s Taameer Group has expressed strong interest in investing in Pakistan’s real estate and construction sectors, marking a potential boost to the country’s efforts to attract foreign capital. The announcement came during a meeting between Prime Minister Shehbaz Sharif and a delegation led by Mohammad Hussain Al-Ali, Founder of Taameer Group, at the Prime Minister’s Office on Friday.
According to a statement from the PM Office, Prime Minister Sharif reaffirmed the government’s commitment to facilitating foreign investment through the Special Investment Facilitation Council (SIFC), a body established to streamline approvals and provide a conducive environment for investors. The prime minister highlighted Pakistan’s vast potential in tourism, hospitality, real estate, and construction, urging relevant authorities to extend full support to Taameer Group for its prospective ventures.
Mohammad Hussain Al-Ali briefed the prime minister on the group’s ongoing and planned projects in Pakistan, emphasizing a focus on hospitality, hotels, real estate, and construction. He noted that work on several initiatives has already begun, reflecting the group’s confidence in Pakistan’s market. Al-Ali also expressed interest in expanding Taameer Group’s investment footprint, commending the government’s efforts under the SIFC to ease business and attract foreign investment.
The meeting was attended by Deputy Prime Minister and Foreign Minister Ishaq Dar, Federal Ministers Ahad Khan Cheema and Attaullah Tarar, Minister of State Bilal Azhar Kayani, and other senior officials. The delegation’s visit underscores growing economic ties between Pakistan and Qatar, a nation described by Prime Minister Sharif as a “long-standing friend” that has supported Pakistan during challenging times.
Pakistan’s real estate sector, valued at over $10 billion, has long been a target for foreign investors, though challenges such as regulatory hurdles and economic volatility have tempered inflows. The SIFC, launched in 2023, aims to address these issues by offering a single-window facility for investment approvals. Analysts view Taameer Group’s interest as a positive signal for Pakistan’s economic prospects, particularly in the wake of recent fiscal stabilization measures.
As the government continues to prioritize foreign direct investment, the potential involvement of Qatari capital in construction and real estate could create jobs and spur growth, reinforcing bilateral ties between the two nations.
Source: ARY News