Belgian Companies Intend to Invest in Ravi City Project
During a Wednesday (16 March) telephone discussion with Ravi Urban Development Authority (RUDA) CEO Imran Amin in Lahore, the Belgian Commercial Attaché Abid Muhammad Hussain stated that Belgian companies are interested in investing in the Ravi City project.
During the RDA headquarters’ telephone call, the committee was provided with a comprehensive overview of the Ravi Riverfront Urban Development Project (RRUDP). Several Belgian corporations have previously invested in numerous projects in the country. based on information provided by the Belgian Commercial Attaché. He continued by explaining that Belgian companies invest in textile mills in Lahore and 20 million euros in a food hygiene project in Karachi.
According to RUDA CEO Amin, Ravi City will require an additional 10,000 megawatts (MW) of electricity, with an initial output of 2,000 MW. He continued by stating that the authority favors low-cost power generation options. The CEO continued by stating that there are numerous opportunities for profit in the smart city, IT area, and industrial zone.
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