Indonesian cos to invest in real estate projects in Pakistan

Indonesian companies are exploring possibility of investment to develop real estate projects in Pakistan. Pakistan Ambassador to Indonesia Mian Sanaullah said on Tuesday two Indonesian companies-Pelangi Property and Indo Property have been invited by Pioneer Associates in Pakistan to hold discussions over prospects for development of a new sector of Capital Development Authority (CDA) in Islamabad. Sanaullah said in Jakarta this was the first time Indonesian real estate developers have been approached by Pakistan for technical cooperation and financial investment with possibility of entering into joint ventures. According to a message, the Indonesian companies in recent past have developed new residential areas in big and small cities to accommodate its fast growing middle class. app

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