KARACHI, Sept 25: Asia’s largest and most modern food street being built at a cost of Rs1 billion and spread over nine acres would be inaugurated by the end of November this year in Karachi near Mereweather Tower.
This was stated by Minister for Ports and Shipping Senator Babar Khan Ghauri during his review visit to the site of the ‘Port Grand Food Court’ under Napier Mole Bridge here on Friday.
The minister said that recent successes against terrorists in the Northern Areas has somewhat revived the confidence of foreign investors who have started visiting the country.
Babar Khan Ghouri informed that the food street was being built on Build-Operate and Transfer (BoT) basis with 100 per cent foreign investment.
He further stated that it was originally going to be inaugurated on the Independence Day but due to security reasons the programme was delayed and now it would be inaugurated on Eidul Azha.
However, improved law and order situation and achievements of security forces on the front of terrorism has revived the confidence of foreign investors.
As a result of this, the minister said various teams of foreign investors paid visits to the site of the food street to give final touches and hoped that more foreigners would start coming to Pakistan in the coming days.
He said we should highlight the soft image of the country where all is not that bad as is being portrayed by the foreign media.
The foreign company, he said, Grand Leisure Corporation (GLC) had been given the project on BoT basis for a 21-year lease to finance, construct and do operational maintenance.