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Pakistan’s Real Estate sector has $40 billion Investment Potential - LRE-Azan - 09-20-2023 07:28 PM
Pakistan’s Real Estate sector has $40 billion Investment Potential
Dubai: Pakistan’s real estate market in Pakistan has the potential to grow rapidly in the coming years with a $40 billion housing investment potential, said Shafiq Akbar, the CEO of real estate firm Imarat Group.
With 70 percent of overseas Pakistanis channeling their remittances into property and contributing $12 billion annually, there is no denying the sector’s centrality to Pakistan’s economy, said Akbar. He spoke at a public-private partnership forum at Cityscape Global in Riyadh.
Pakistan’s Real Estate
“An astounding 70 million of Pakistan’s population is between the age of 15 and 29, a figure surpassing the entire population of the UK”, he said. “The youth embark on the journey of family life and need new homes,” added Akbar.
Translated into financials, this represents a potential investment of $40 billion annually in housing, up to $3 – $4 trillion in the next 20 years.
Ref:
https://gulfnews.com/business/property/pakistans-real-estate-sector-has-40-billion-investment-potential-says-imarat-group-ceo-1.98111910