Pakistan inks MoU with Saudi, local partners for Karachi Waterfront Development
Key takeaways
- ISLAMABAD: Pakistan has signed a memorandum of understanding (MoU) with Saudi and local partners to explore the development of a maritime business district on prime Karachi Port Trust (KPT) waterfront land.
- The proposed project would be built on a 140-acre KPT site on MT Khan Road in Karachi and is intended to transform the area into a major commercial and maritime hub.
- The development is envisaged to include modern commercial infrastructure aimed at attracting investment, generating employment, and supporting urban development.
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Home latest pakistan world sports showbiz entertainment Royal business health Sci-Tech Food Fact Check big picture Videos shows Watch LIVE TV X Home Latest Pakistan World Sports Showbiz Fact Check big picture Videos Shows LIVE TV Pakistan Pakistan inks Mo U with Saudi, local partners for Karachi Waterfront Development 140-acre KPT site on Karachi’s MT Khan Road earmarked for development, reads press statement By APP | Published June 06, 2026
ISLAMABAD: Pakistan has signed a memorandum of understanding (MoU) with Saudi and local partners to explore the development of a maritime business district on prime Karachi Port Trust (KPT) waterfront land.
Federal Maritime Affairs Minister Muhammad Junaid Anwar Chaudhry said the MoU was signed between KPT, Saudi Business Council-NAJD Gateway Holding Company, Arif Habib Dolmen REIT Management Limited (AHDRML), and the Pakistan Corporate Consortium, according to a press release issued on Saturday.