{"id":80698,"date":"2021-10-19T09:22:00","date_gmt":"2021-10-19T04:22:00","guid":{"rendered":"https:\/\/www.zameen.com\/news\/?p=80698"},"modified":"2021-10-18T17:34:41","modified_gmt":"2021-10-18T12:34:41","slug":"rrudp-cbd-vital-for-foreign-investment","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/rrudp-cbd-vital-for-foreign-investment.html","title":{"rendered":"RRUDP, CBD in Lahore vital for leveraging foreign investment: PM"},"content":{"rendered":"\n<p>Islamabad: Prime Minister (PM) Imran Khan stated that the Lahore&#8217;s Ravi Riverfront Urban Development Project (RRUDP) and Central Business District (CBD) projects are vital for attracting foreign investment and accelerating the national economy and business activities, according to a news article published on October 15. <\/p>\n\n\n\n<p><strong>Read:<\/strong> <a href=\"https:\/\/www.zameen.com\/news\/ruda-rehabilitate-river-ravi-aquifer-smog.html\" target=\"_blank\" rel=\"noreferrer noopener\">RUDA to rehabilitate River Ravi\u2019s aquifer, curtail smog<\/a><\/p>\n\n\n\n<p>Reportedly, the premier made these remarks while chairing a review meeting on RRUDP and CBD progress. He further stated that the goal of these two major real estate projects is to promote self-sufficiency, smart, clean, and green housing and business activities in Pakistan. He reiterated that RRUDP is critical for Lahore&#8217;s sustainability since it would protect the city&#8217;s underground water tables and environment. The premier directed the participants to tackle the legal issues impeding the projects&#8217; successful implementation. <\/p>\n\n\n\n<p>As per the sources, the chief executive officer of the Ravi Urban Development Authority (RUDA) appraised PM Khan on the progress of CBD and said that 98% of trees have been relocated and 5,000 new trees are being planted in the area. He was told that under a joint venture revenue-sharing model, a Saudi company has invested USD 500 million in the Bab-e-Pakistan Project, spanning 122 acres of land in <a href=\"https:\/\/www.zameen.com\/news\/lcbdaa-gets-walton-airport-land-99yr-lease.html\" target=\"_blank\" rel=\"noreferrer noopener\">Walton<\/a>. <\/p>\n\n\n\n<p> <strong>Read:<\/strong> <a href=\"https:\/\/www.zameen.com\/news\/areas-included-in-lcbdas-jurisdiction.html\" target=\"_blank\" rel=\"noreferrer noopener\">Punjab demarcates areas included in LCBDA\u2019s jurisdiction<\/a><\/p>\n\n\n\n<p>Moreover, the meeting was informed that an agreement is expected to be signed during the ongoing Dubai Expo that will yield foreign investment worth USD 250 million for CBD. The CBD and Civil Aviation Authority (CAA) administration also informed that an agreement has been signed to construct a commercial district on under-utilised land of Lahore Airport. Additionally, the meeting was told that the development of the Industrial Estate and Rakh Jhok Forest is also underway.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Islamabad: Prime Minister (PM) Imran Khan stated that the Lahore&#8217;s Ravi Riverfront Urban Development Project (RRUDP) and Central Business District (CBD) projects are vital for attracting foreign investment and accelerating the national economy and business activities, according to a news article published on October 15. Read: RUDA to rehabilitate River Ravi\u2019s aquifer, curtail smog Reportedly, the premier made these remarks while chairing a review meeting on RRUDP and CBD progress. He further stated that the goal of these two major real estate projects is to promote self-sufficiency, smart, clean, and green housing and business activities in Pakistan. He reiterated that RRUDP is critical for Lahore&#8217;s sustainability since it would protect the city&#8217;s underground water tables and environment. The premier directed the participants to tackle the legal issues impeding the projects&#8217; successful implementation. As per the sources, the chief executive officer of the Ravi Urban Development Authority (RUDA) appraised PM Khan on the progress of CBD and said that 98% of trees have been relocated and 5,000 new trees are being planted in the area. He was told that under a joint venture revenue-sharing model, a Saudi company has invested USD 500 million in the Bab-e-Pakistan Project, spanning 122 acres of&hellip;<\/p>\n","protected":false},"author":75,"featured_media":78669,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[],"tags":[45835,19727,37481],"persona":[],"class_list":{"0":"post-80698","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"tag-central-business-district-in-lahore","8":"tag-ravi-riverfront-urban-development","9":"tag-ravi-urban-development-authority-ruda"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>RRUDP, CBD vital for leveraging foreign investment: PM - Zameen News<\/title>\n<meta name=\"description\" content=\"Islamabad: Prime Minister (PM) Imran Khan stated that the Lahore&#039;s Ravi Riverfront Urban Development Project (RRUDP) and Central Business District (CBD)\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.zameen.com\/news\/rrudp-cbd-vital-for-foreign-investment.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"RRUDP, CBD vital for leveraging foreign investment: PM - Zameen News\" \/>\n<meta property=\"og:description\" content=\"Islamabad: Prime Minister (PM) Imran Khan stated that the Lahore&#039;s Ravi Riverfront Urban Development Project (RRUDP) and Central Business District (CBD)\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.zameen.com\/news\/rrudp-cbd-vital-for-foreign-investment.html\" \/>\n<meta property=\"og:site_name\" content=\"Pakistan Real Estate News &amp; 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