The move will revolutionize the tourism industry in Pakistan
Bahria Town again came under the limelight as it was recently reported that the company has signed a deal with Hyatt Hotels Corporation to build four new hotels across the country. To be more specific, the hotels will be built in Bahria Town Karachi, Lahore, Rawalpindi and Islamabad. The news has spread positive sentiments among the citizens as it will revolutionize the hospitality industry in Pakistan.
Subsequently, the project will cost approximately US$600 million and is expected to offer much needed support to the tourism industry in Pakistan. Also, it would not be wrong to say that after China-Pakistan Economic Corridor (CPEC), entry of Hyatt Hotels Corporation in Pakistan indicates that the country is attracting foreign investors to invest in the country.
“We look forward to collaborating with the Bahria team to open the first Grand Hyattand Hyatt Regency hotels in Pakistan,” said Peter Norman, senior vice president, acquisitions and development – Europe, Africa, and Middle East (EAME) and Southwest Asia for Hyatt. “Following last year’s announcement for the China-Pakistan Economic Corridor (CPEC), we are optimistic about the growth of Hyatt‘s brands in Pakistan. The opening of these hotels will serve as a testament to the global appeal of the Grand Hyatt and Hyatt Regency brands as they continue to expand worldwide and offer more choices to our guests.”
The move indicates that Bahria town is working hard to achieve its market ventures in Pakistan and position itself as a dominant force in the retail industry. It is worth noting that in September Bahria Town signed a deal with China Railway 20 Bureau Group Corporation (CR20G) for the development of Bus Rapid Transit network in Karachi. Adding to that, the group CR20G has already started its operational work in Pakistan on the Lahore-Abdul Hakeem Motorway project, which cost approximately $1.5 billion.