Saudi Aramco, CDA Explore Joint Ventures to Boost Investment in Pakistan’s Capital

Chairman Randhawa emphasizes transparency, private investment, and sustainable revenue under the JV model.

Wed Oct 08 2025
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ISLAMABAD: Pakistan’s Capital Development Authority (CDA) and Saudi Arabia’s state-owned energy giant Aramco on Wednesday held talks in Islamabad to explore potential joint ventures aimed at boosting investment and accelerating urban development in the federal capital.

During the meeting, CDA Chairman and Chief Commissioner Islamabad Muhammad Ali Randhawa and a delegation of Aramco discussed opportunities for collaboration in infrastructure, energy, and urban services, with a focus on investment-led growth under a transparent joint venture model.

The meeting was also attended by CDA Member Planning and Design Dr. Khalid Hafiz, Member Finance Tahir Naeem, Deputy Director General Resource, and other senior officials of the Authority.

Chairman Randhawa reaffirmed the CDA’s vision to transform Islamabad into a modern, world-class city through innovative, investment-friendly initiatives, particularly under the Joint Venture (JV) model, according to a press release issued by CDA.

He noted that the JV approach would not only attract foreign and domestic investment but also create sustainable revenue streams for the Authority.

“The JV model will encourage investment in Islamabad and generate sustainable revenue for the Authority. All projects will be implemented in line with PPRA rules, ensuring transparency and merit,” said Randhawa as quoted in the press release.

The Aramco delegation was given a comprehensive briefing on various ongoing and upcoming projects led by the CDA. These include infrastructure upgrades, service enhancements, and investment opportunities aimed at boosting economic activity and improving the quality of life for residents.

A focal point of the discussions was the planned state-of-the-art slaughterhouse, for which a feasibility study has already been completed. The modern facility is designed to meet both domestic meat demand and export standards, positioning Islamabad as a potential hub for halal meat exports.

“The primary objective of this project is to promote meat exports while fulfilling domestic demand,” said Chairman Randhawa. “This will also contribute to the city’s economy and create employment opportunities.”

Chairman Randhawa also highlighted the availability of strategically located sites across the city for the establishment of petrol pumps, inviting Aramco to consider investment in Islamabad’s growing energy infrastructure.

Both CDA and Aramco agreed to form specialized joint teams to move forward with practical steps for the implementation of the discussed projects.

“Our goal is to provide the best facilities to the citizens of Islamabad,” said Randhawa. “CDA is working day and night to develop the Capital and fully promote private sector investment.”

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