Islamabad: The Capital Development Authority (CDA) and the Employees Old-Age Benefits Institution (EOBI) have agreed to explore joint ventures in the hospitality sector, marking a fresh phase of collaboration between the two public institutions.
CDA Chairman and Chief Commissioner Islamabad Muhammad Ali Randhawa held a meeting with EOBI Chairman Dr. Javed Sheikh and his team at the CDA Headquarters on Thursday. Senior CDA officials, including Member Finance Tahir Naeem, Member Planning and Design Dr. Khalid Hafiz, Member Environment Esfandyar Baloch, and Deputy Commissioner ICT Irfan Nawaz Memon, were also present.
Officials said discussions centered on hotel and hospitality-related projects across the capital. Randhawa highlighted Islamabad’s growing importance as a host city for major international events, including the upcoming Shanghai Cooperation Organization (SCO) Summit, calling it an “excellent opportunity” for investment.
“There are significant opportunities to promote the hotel industry in Islamabad, which will help position the city as both a diplomatic and tourist hub,” Randhawa remarked. He added that CDA was ready to collaborate with EOBI on a revenue-sharing basis, with projects designed to generate long-term income streams.
EOBI Chairman Dr. Javed Sheikh welcomed the proposal, noting that EOBI’s Investment Committee would review the initiatives for feasibility and approval.
Both sides reaffirmed their commitment to pursuing ventures aimed at strengthening Islamabad’s hospitality infrastructure while ensuring sustainable financial returns.
Samra Zulfiqar, a real estate analyst at Zameen.com, is passionate about finding projects that offer buyers the best returns. Her keen insights spotlight the market’s most promising opportunities.
