KARACHI, July 7: Al-Ghurair Giga Pakistan will invest more than $10 million in various housing and commercial projects, including a supermarket chain and a five-star hotel in Pakistan in near future.

This was stated by the vice-chairman of the group Haji Muhammad Rafiq Giga while talking to newsmen after the inauguration of the international property conference, IPEC 2006, at the Expo centre here on Friday.

He said that work on a large residential project in Islamabad had started, while work on the supermarket will begin in September this year. Another mega housing project will be announced for Karachi in next couple of months.

Rafiq Giga said that several memoranda of understanding (MoUs) had been signed with local partners for the start of housing schemes in various cities of Pakistan.

He said that Al-Ghurair Giga Pakistan, a joint venture between UAE and Pakistan, will start a supermarket chain in Pakistan. The first outlet will be launched in Islamabad followed by other outlets in Karachi and other major cities.—APP