ISLAMABAD, OCT 18 (DNA) — Capital Development Authority (CDA) Chairman Muhammad Ali Randhawa on Friday discussed significant steps for the development of luxury hotels in Islamabad’s prime locations.
A meeting was held via Zoom, included representatives from the Public Private Partnership Authority (P3A), consultants from AT Kearney and key CDA officials. The discussion centered on a recent feasibility study by AT Kearney, which presented multiple models for hotel development, such as land leases, joint ventures, and revenue-sharing schemes.
With tourism and business on the rise, these projects aim to meet the growing demand for premium accommodations in the capital, providing long-term economic benefits. Chairman Randhawa stressed the importance of selecting the most viable model while ensuring that the hotel plots are priced competitively, maintaining high construction standards to attract investment and enhance bankability.
Further analysis of the feasibility report will be conducted, with ongoing consultations between CDA and AT Kearney to finalize land pricing and construction costs. The meeting also covered the development of other projects, including the Jinnah Medical Complex and the Gandhara Citizen Club, which will feature recreational facilities like a cricket ground and a library.
Revenue from these initiatives will go towards citizen welfare and park upgrades. The collaboration between CDA and P3A is seen as a strategic move to draw private sector investment, spurring economic growth and elevating Islamabad’s infrastructure and global appeal. —DNA
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