Friday, December 10, 2010

CM flies to Abu Dhabi to Convince Investors

This means revival of Mubarak Center Project which indeed shall be the identity of lahore ........ Hopes for successful outcomes ............
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LAHORE: Punjab Chief Minister Shahbaz Sharif will fly to Abu Dhabi today (Saturday) to meet UAE’s Minister of Higher Education Sheikh Nahyan Mubarak Al Nahyan. He will call for resumption of Mubarak Group’s investment in Punjab, informed sources told Daily Times on Friday.

The main focus of the chief minister’s visit to Abu Dhabi is to convince Sheikh Nahayan Mubarak to restart the Mubarak Group’s projects in the province, which, the group had abandoned following a change in provincial government and the incumbent chief minister’s policy of shelving the projects launched by his predecessor Chaudhry Pervaiz Elahi.

The sources said the Mubarak Group had shelved its investment plans, including a multi-million dollar Mubarak Centre at Ferozpur Road, a media house and an English language daily newspaper, due to the provincial government’s reluctance to go ahead with plans launched by foreign incumbents and the PML-Q government. The group had abandoned the proposed Mubarak Centre, which would have been one of the biggest information technology centre in the country upon its completion, after digging about 40 feet deep at the multi-acre land, on which it was to be built, at the Ferozpur Road.

During his visit, Shahbaz will try to urge and convince the UAE investors, particularly the Mubarak Group to relaunch their projects in Punjab, which badly needs foreign investment.

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