Capital pitches hotels to Qatari investors

ISLAMABAD:

In a bid to promote the hospitality industry in the federal capital, a high-level team of officials led by the Chairman of the Capital Development Authority (CDA) held a Zoom meeting with Qatari investors and offered them opportunities to construct a five-star hotel in Islamabad. The Qatari investors expressed keen interest in the proposal.

The meeting, chaired by CDA Chairman Muhammad Ali Randhawa, was attended by CDA Board members including Member Administration and Estate, Member Finance, Member Planning and Design, Member Engineering, Member Environment, and other senior officials.

During the session, the Qatari investors were briefed on investment opportunities in Islamabad's hospitality sector, particularly various hotel projects. The CDA chairman stated that Islamabad offers excellent prospects for investors, especially in the construction of five-star hotels, as the city holds the status of a regional diplomatic and tourism hub.

He noted that the current number of five-star hotels in the federal capital is insufficient to meet the growing demand, adding that prime locations are available for such developments. He also assured that the CDA is committed to facilitating investors through investor-friendly policies and full support.