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Print Print edition: 2011-09-11

Hotel industry still an attractive business

Published Updated

In spite of deteriorating law and order situation in Pakistan, the hotel industry is still one of the most attractive business that is still alluring foreign investors. Sardar Tanveer Ilyas Khan CEO Pak Gulf Construction Co (Pvt) Ltd said while talking to this scribe on Saturday that private sector always brings new ideas and set high standards to attract people to invest more in hotel industry.
The Centaurus that is being constructed in the Capital is an example that huge investment is made by the foreign investors in hotel industry, which is a project of Pak Gulf Construction (Pvt) Ltd (PGCL). The Centaurus has pioneered the concept of contemporary modern, luxurious master-planned community that integrates residential amenities with a world class shopping mall, a 5 Star Deluxe hotel, corporate and entertainment facilities, to bring a world class lifestyle to Pakistan.
The Centaurus, with its contemporary modern architectural design, comprises these segments; Two luxurious Residential Towers with 23 levels of opulence, A premium Corporate Tower with perfect business ambiance and a World Class shopping mall based on five floors.
Pak Gulf Construction (Pvt) Ltd is a joint venture between Al Tamimi Group (Saudi Arabia) and Sardar Builders (Pakistan). The construction of The Centaurus is being undertaken by China State Construction Engineering Corporation, a Fortune 500 Company that has completed over 3000 projects in over 100 countries. He said that with the easy availability of home financing loans from the banks and financial institutions the future of real estate industry is very bright in Pakistan.

Copyright Business Recorder, 2011

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