ISLAMABAD, Oct 19: DAMAC Investment Company of Dubai has shown its keen interest in investing around Rs20 billion in various projects in Pakistan, with particular focus on the real estate sector.

The interest was shown by a two-member delegation of the company during its recent visit to Pakistan aimed at exploring possibilities of investment opportunities in the country.

The delegation comprising Hussain Sajwani and Peter R. Riddoch, chairman and chief executive officer, respectively, of the company, during their stay in Pakistan held meetings with the housing and works minister and discussed business opportunities in real estate and construction sectors.

The delegation also met Senate Chairman Mohammedmian Soomro and briefed him about business plans of their company in Pakistan, says a press release issued here on Tuesday.

Hussain Sajwani informed the Senate chairman that his company was fully convinced that there existed vast opportunities for investment in the construction sector in Pakistan and that his company wanted to avail of the facilities provided by the government.

He apprised the Senate chairman of his company's development plans and said DAMAC Investment Company's proposed investment project in different parts of the country amounted to Rs20 billion and that it intended to develop bilateral relationship with the private sector.

Chairman Senate appreciated the company's investment plans in the country and said that Pakistan has not only a well-developed infrastructure, but has one of the best performing stock markets as well.-APP