25-03-2005
Malaysian Firm to Build Pakistani ‘Golf City’
via www.btimes.com.my
LOCAL group Maxcorp Development Sdn Bhd is leading a consortium of Malaysian companies to design, build and manage the RM3.2 billion Bahria Golf City at Murree Expressway in Islamabad, Pakistan. Backed by strong house purchasing power in Pakistan, project returns are expected to be between US$10 billion and US$12 billion (US1 = RM3.80). The project is also said to be the largest private sector initiative in real estate in Pakistan.