riaz
Malik Riaz Hussain (Urdu, Punjabi: ملک ریاض حسین; born February 8, 1954) is a Pakistani business tycoon who is the founder of Bahria Town, the largest privately held real estate development company in Asia.
Riaz started his career as a clerk with a construction company in Rawalpindi. In the 1980s, Riaz moved to become a contractor, and in 1995 Riaz's construction company Hussain Global, signed an agreement with Pakistan Navy's charitable trust known as Bahria Foundation to develop a gated community for Pakistan Navy. The Navy's Bahria Foundation served a legal notice to Riaz to stop using the word "Bahria" for his company's construction projects, but Riaz went on to develop Bahria Town Rawalpindi offering gifts of banglows, and mansions to politically connected people and army generals.He expanded his real-estate company and developed gated communities in Karachi, Lahore and Islamabad during the 2000s, developing a combined area of 45,000 square acres. As of 2016, Bahria had 60,000 employees, making it one of the largest private sector employers in Pakistan. Riaz is a controversial figure and has been subject of several corruption investigations. Bahria Town Karachi is the biggest private project of Asia, which is also owned by Malik Riaz.
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Riaz started his career as a clerk with a construction company in Rawalpindi. In the 1980s, Riaz moved to become a contractor, and in 1995 Riaz's construction company Hussain Global, signed an agreement with Pakistan Navy's charitable trust known as Bahria Foundation to develop a gated community for Pakistan Navy. The Navy's Bahria Foundation served a legal notice to Riaz to stop using the word "Bahria" for his company's construction projects, but Riaz went on to develop Bahria Town Rawalpindi offering gifts of banglows, and mansions to politically connected people and army generals.He expanded his real-estate company and developed gated communities in Karachi, Lahore and Islamabad during the 2000s, developing a combined area of 45,000 square acres. As of 2016, Bahria had 60,000 employees, making it one of the largest private sector employers in Pakistan. Riaz is a controversial figure and has been subject of several corruption investigations. Bahria Town Karachi is the biggest private project of Asia, which is also owned by Malik Riaz.
View More On Wikipedia.org