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Egyptian billionaire eyes more Pakistan real estate projects

Naguib Sawiris starts on US$2b luxe development in Islamabad; taps demand from overseas Pakistanis

Mr Sawiris's "Eighteen Islamabad" features more than 1,000 homes, a golf course and a mall on 2.25m sq m of land.


EGYPTIAN billionaire Naguib Sawiris's Ora Developers will next month start building a luxurious US$2 billion housing estate on the outskirts of Islamabad and is eyeing further projects as it taps demand from overseas Pakistanis.

The "Eighteen Islamabad" development will...