-align: justify;">ISLAMABAD, Oct 18 (APP):Capital Development Authority (CDA) Chairman Muhammad Ali Randhawa on Friday discussed significant steps for the development of luxury hotels in Islamabad’s prime locations.
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-align: justify;">A meeting was held via Zoom, included representatives from the Public Private Partnership Authority (P3A), consultants from AT Kearney and key CDA officials.
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-align: justify;">The discussion centered on a recent feasibility study by AT Kearney, which presented multiple models for hotel development, such as land leases, joint ventures, and revenue-sharing schemes.
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-align: justify;">With tourism and business on the rise, these projects aim to meet the growing demand for premium accommodations in the capital, providing long-term economic benefits.
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-align: justify;">Chairman Randhawa stressed the importance of selecting the most viable model while ensuring that the hotel plots are priced competitively, maintaining high construction standards to attract investment and enhance bankability.
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-align: justify;">Further analysis of the feasibility report will be conducted, with ongoing consultations between CDA and AT Kearney to finalize land pricing and construction costs.
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-align: justify;">The meeting also covered the development of other projects, including the Jinnah Medical Complex and the Gandhara Citizen Club, which will feature recreational facilities like a cricket ground and a library.
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-align: justify;">Revenue from these initiatives will go towards citizen welfare and park upgrades.
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-align: justify;">The collaboration between CDA and P3A is seen as a strategic move to draw private sector investment, spurring economic growth and elevating Islamabad’s infrastructure and global appeal.
مضمون کا ماخذ : لاٹری کے سستے ٹکٹ
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