Chinese delegation explores investment opportunities in Pakistan’s housing sector

Celina Ali

Islamabad: A high-level Chinese business delegation, led by CEO of DongKai International Investment Yao Yu called on Minister for Housing and Works, Mian Riaz Hussain Pirzada, in Islamabad on Monday.

The delegation, representing a consortium of leading construction and technology firms, met with senior Pakistani officials to explore investment opportunities in the country’s housing sector.

Secretary Housing and Works Hamid Yaqub Sheikh, CEO Pakistan Housing Authority Foundation, and Director General Federal Government Employees Housing Authority were also present.

Speaking on the occasion, Mian Riaz Hussain Pirzada welcomed the delegation and reaffirmed the deep-rooted friendship between Pakistan and China. He emphasized the government’s commitment to innovation in the housing sector and underscored the importance of prefabricated and modular construction technologies, which are essential for ensuring sustainability, reducing costs, and speeding up project delivery.

On the occasion, Yao Yu showcased various innovative housing models and cutting-edge construction techniques. He also proposed establishing a Dragon Mart-style commercial complex in Pakistan, modeled on the successful wholesale trade center in Dubai.

He said this initiative could serve as a catalyst for enhancing Pak-China trade ties, promoting urban development, supporting SMEs, and generating employment.

Subsequently, the DG, FGEHA, and CEO, PHAF delivered presentations outlining key investment opportunities, prospective joint ventures, and public-private partnership models. They highlighted various strategic development locations including the Islamabad Capital Territory, Quetta, Karachi, Peshawar, Gwadar, and Gilgit-Baltistan.