DUBAI: ARY Group and Bahria Town on Wednesday signed an agreement to build a gated housing community in Karachi, ARY News reported.
The agreement in this regard was signed by ARY Group Chairman Haji Iqbal and Bahria Town’s Country Head Shahid Mehmood Qureshi in the presence Chairman Bahria Town Malik Riaz in Dubai.
The gated housing community named ‘ARY RESIDENCIA’ will consist of 300 villas, a mosque, school, hospital and a 50,000 capacity cricket stadium. It will be a part of Bahria Town Karachi Sports City Project.
“We have longstanding relations with Bahria Town and we have seen their successful journey. We used to wonder sometimes in Dubai as to when will our country see similar development but when we see Bahria Town Karachi, we can say that our country too is getting similar development projects,” Chairman ARY Group Haji Iqbal said on the occasion.
He also expressed hope that international cricket will return to the country through the stadium which will be a part of ARY RESIDENCIA.
Chairman Bahria Town Malik Riaz, on the occasion, said that he prays for the smooth completion of the project and he will be happier if this project surpasses the regular standards of Bahria Town’s construction quality.
Bahria Town’s Country Head Shahid Mehmood Qureshi congratulated Haji Iqbal for becoming the first private investor to build a housing project in Bahria Town.