malik riaz net worth

Malik Riaz signed an agreement with the charitable trust of the Pakistan Navy, known as the Bahria Foundation, to build a gated community recognized as Bahria City, with the help of his contacts. He is the owner of Ittefaq, the leading steel producers in Pakistan. Malik Riaz owns the Bahria Group. Everyone was impressed by the quality of housing and lifestyle in this new society. What do you think about the story? With a net worth of $4.6 billion, Sir Anwar is the richest Pakistani in the UK. Life is caressed at Bahria Town Lahore development with the provision of the most conventional to most modern means to enable a complete lifestyle.

However, that contract could not go through and the project was dumped by Pakistan Navy. The couple has one son named Ali Riaz and three daughters.

Bahria Town has so far built nine phases of Bahria Town Rawalpindi. He is the owner of Bestway Group and UBL. He, originally, belonged to rural Sindh. DG ISPR & Sana Bucha’s Twitter Feud Has Divided The Netizens! Following are the most famous housing colonies of Bahria Town Lahore. A lot of us do, don’t we? Indian Soldier Slips On Snow In IOK, Lands In Pakistan! After his studies, he established Hassan Ali Company with his brother. [5]  Bahria Town Islamabad / Rawalpindi, Bahria Town is the largest housing project of Pakistan.

And with the expansion of Bahria Town, the Malik Riaz net worth also seems to be expanding.

You Might Also Like. Mian Nawaz Sharif. This mega housing scheme was launched on 26th of January 2014 and received an immense response from general public as well as investors across the country as well as overseas Pakistanis. Malik Riaz is married to Beena Riaz and has 4 children. [3] Bahria Town, Bahria Town Karachi is a stellar addition to the chain of Bahria Town Projects already operating successfully in Islamabad, Rawalpindi and Lahore.

However, some of them have built a net worth of billions of dollars. He had a contract with Pakistan Navy for developing a housing society. He is the most famous name in Pakistan’s entrepreneurial sector. Malik Riaz and his son in law were accused of snatching the land in Bagh Ibn-i-Qasim for the Bahria Icon Towers project as well as Pakistan Steel Mills land illegally. He owns the Asia’s best and largest real estate company where everything looks safe and reliable. The master design revives the communal setting alongside the famous Lahore Canal. Khan is the richest person of Pakistani origin. Here is the list of top 10 richest men in Pakistan. In 2010, he made it to the list of Forbes magazine. Bahria Town has projects in Lahore, Rawalpindi, Islamabad, Murree and Karachi. If you want to get a little closer to any of those Pakistanis, then you might need to do some business or should be a retail king. DHA doesn’t have parks, play areas, planned commercial areas, underground electricity, well-built roads and infrastructure and quality of construction.

He has also heavily invested in Kohinoor textile mills, Pak electron, and Kohinoor Power Company. Later, the Navy transferred all shareholding to Malik Riaz. Sharif family also holds businesses in agriculture, sugar, and transport industries. But beyond whole things he is able to stabilize his business. People earned very huge profits through investments in various Bahria projects. How to Get Pink Lips Naturally at Home in Urdu.

The estimation does not include his undeclared properties. Today Bahria Town is one of the biggest private housing colonies in the world. In 1978, he launched the Holiday Inn Hotel in Karachi and Islamabad which were later renamed to Marriott Hotels.

Meanwhile, he also owns Adamjee Group, Nishat Chunniyan Power Plant DG Khan Cements, and has shares in the transport industry. Malik Riaz is the seventh-richest Pakistanis by net Worth (₨84 billion (US$800 million) USD). Later in 1995, he made a construction company under the banner of Hussain Global. Bahria Town Karachi has been a long awaited project due to the vacuum of a well planned housing scheme in the largest city of Pakistan. The whole shareholding was sold to Malik Riaz by the Pakistan Navy in the 2000s. He went on to work as a clerk with the Military Engineering Service and often working part-time as a painter. Malik Riaz Net Worth: $ 100 Million. In 2000, Pakistan Navy transeffered its entire shareholding to Hussain and later fought a legal battle with Riaz over contract infringement which the Supreme Court ruled in Hussain’s favor. Riaz started his career as a clerk with a construction company in Rawalpindi.

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