{"id":81798,"date":"2021-11-29T12:40:51","date_gmt":"2021-11-29T07:40:51","guid":{"rendered":"https:\/\/www.zameen.com\/news\/?p=81798"},"modified":"2021-11-29T12:40:54","modified_gmt":"2021-11-29T07:40:54","slug":"investment-ravi-riverfront-urban-development","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/investment-ravi-riverfront-urban-development.html","title":{"rendered":"Dubai-based firm to invest USD 1.4 bn in Ravi Riverfront Urban Development Project"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">Lahore: The Ravi Urban Development Authority (RUDA) and a Dubai-based company have signed several Memorandum of Understandings (MoUs), under which the company will invest USD 1.4 billion for the development of Ravi Riverfront Urban Development Project (RRUDP)\u2013 Pakistan\u2019s first high-tech city, according to news published today (November 29).<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Read: <\/strong><a href=\"https:\/\/www.zameen.com\/news\/ruda-usd-12-bn-investment-ksa.html\" target=\"_blank\" rel=\"noreferrer noopener\">RUDA attracts USD 12 bn investment from KSA<\/a><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Reportedly, the mega foreign investment for the project includes USD 500 million for the development of eco-system, innovation city and other environment-friendly projects. The said MoUs were signed at <a href=\"https:\/\/www.zameen.com\/news\/ravi-urban-project-dubai-expo.html\" target=\"_blank\" rel=\"noreferrer noopener\">Dubai Expo 2020<\/a>, which demonstrates the trust and interest of foreign investors in Pakistan. A formal agreement for the same project is planned to be signed later.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Read: <\/strong><a href=\"https:\/\/www.zameen.com\/news\/ruda-applications-land-providers.html\" target=\"_blank\" rel=\"noreferrer noopener\">RUDA invites applications from land providers<\/a><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Moreover, RUDA Chief Executive Officer (CEO) Imran Amin stated that other MoUs signed were for the construction of a theme park, the development of an industrial zone, and the promotion of tourist activities. As per the details, the industrial zone will be established on 600 acres of land. The RUDA CEO also disclosed that the construction work on different schemes including lakes and barrages of the project will start soon.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Lahore: The Ravi Urban Development Authority (RUDA) and a Dubai-based company have signed several Memorandum of Understandings (MoUs), under which the company will invest USD 1.4 billion for the development of Ravi Riverfront Urban Development Project (RRUDP)\u2013 Pakistan\u2019s first high-tech city, according to news published today (November 29). Read: RUDA attracts USD 12 bn investment from KSA Reportedly, the mega foreign investment for the project includes USD 500 million for the development of eco-system, innovation city and other environment-friendly projects. The said MoUs were signed at Dubai Expo 2020, which demonstrates the trust and interest of foreign investors in Pakistan. A formal agreement for the same project is planned to be signed later. Read: RUDA invites applications from land providers Moreover, RUDA Chief Executive Officer (CEO) Imran Amin stated that other MoUs signed were for the construction of a theme park, the development of an industrial zone, and the promotion of tourist activities. As per the details, the industrial zone will be established on 600 acres of land. The RUDA CEO also disclosed that the construction work on different schemes including lakes and barrages of the project will start soon.<\/p>\n","protected":false},"author":83,"featured_media":81089,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[15016],"tags":[49775,49776,37481],"persona":[],"class_list":["post-81798","post","type-post","status-publish","format-standard","has-post-thumbnail","category-new-developments","tag-dubai-based-firm-to-invest-usd-1-4-bn-in-ravi-riverfront-urban-development-project","tag-ravi-riverfront-urban-development-project-rrudp","tag-ravi-urban-development-authority-ruda","cat-15016-id"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.7 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Dubai-based firm to invest USD 1.4 bn in RRUDP- Zameen News<\/title>\n<meta name=\"description\" content=\"The Ravi Urban Development Authority (RUDA) and a Dubai-based company have signed several Memorandum of Understandings (MoUs).......\" \/>\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\/investment-ravi-riverfront-urban-development.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Dubai-based firm to invest USD 1.4 bn in RRUDP- Zameen News\" \/>\n<meta property=\"og:description\" content=\"The Ravi Urban Development Authority (RUDA) and a Dubai-based company have signed several Memorandum of Understandings (MoUs).......\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.zameen.com\/news\/investment-ravi-riverfront-urban-development.html\" \/>\n<meta property=\"og:site_name\" content=\"Pakistan Real Estate News &amp; 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