development projects

Ravi City Phase-1 named Sapphire Bay to Bring in Rs 400 Billion in Revenue

Ravi City Sapphire Bay

Soon to be kickstarted, the first phase of the Ravi City project, Sapphire Bay, spanned over 5,000 acres of land to bring in an estimated revenue of Rs 400 billion.

The construction of the city is expected to begin soon. Prime Minister Imran Khan supervised the meeting of the Ravi Urban Development Project where a discussion was carried out in this regard. It was informed that out of 5,000 acres, 3,000 acres of land would be used for protection against floods and the rest 2,000 acres for construction.

Federal Ministers Senator Shibli Faraz, Ali Haider Zaidi, Naya Pakistan Housing Authority Lt. General (r) Chairman Anwar Ali Hyder and Pakistan Islands Development Authority Chairman Imran Amin attended the meeting.

Sindh Governor Imran Ismail, Advisor to Punjab Chief Minister Dr Salman Shah, Special Assistant to CM Dr Firdous Ashiq Awan, Ravi Urban Development Authority Chairman Rashid Aziz and other senior officers participated through video link.

Meanwhile, the meeting was told that the first phase of Ravi City had been named Sapphire Bay where the purchase of land had been started and road work had also been launched on December 29. Moreover, Request for Proposals for the investors and developers would be issued by next week.

Read more: Industrial units in Ravi Urban Project exempted from dislocation

Chairman RUDA then explained to the premier during the meeting that 3,000 out of the 5,000 acres of phase-I are going to be utilized for protection against floods and the remaining will be used for construction.

He concluded by saying that the development of the road for phase-I was started on 29 December 2020. RUDA will issue RFPs for investors and developers by next week.

However, expressing satisfaction over the pace of the project, the prime minister instructed to achieve all development targets within the stipulated time.

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