February 25, 2021
Ravi Riverfront project

Ravi Riverfront Project is attracting $8 billion worth of foreign investment

The Ravi Riverfront Urban Development Project (RUDP) has attracted foreign investment worth $8 billion. Ravi Urban Development Authority (RUDA) member Iftikhar Ali Malik said that the project is widely attracting the attention of foreign investors. According to the spokesperson, on a collaboration basis, ANGCC, a multinational investment consortium, looked at investments worth $5 billion. Furthermore, two Chinese firms, including China Road and Bridging Company (CRBC)-a 4C conglomerate member company, China, and Gezhouba Group Company Limited (CGGC) have inked the RUDA Memorandum of Understanding, pledging to invest multi-billion dollars. A number of socio-economic benefits are expected to be provided for Punjab by the massive RRUDP project. It will create enormous opportunities for jobs, ensure water security, meet housing needs and help run numerous industries. The project is influenced by similar developments along London’s River Thames. When completed, it is anticipated that the entire 44,000-acre city project will boost the living conditions of its residents and contribute to the region’s healthy economic activity.

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