LAHORE: The Central Business District Punjab (CBD Punjab) has launched a joint venture named Al Watani, projecting a development value of USD 1.8 billion to expand economic activity and urban development in Lahore.

The initiative aligns with the provincial government’s plan to utilize under-developed land for commercial and mixed-use construction. According to the authority, the project follows a “Select–Sign–Start” model designed to make investment procedures easier for both domestic and international investors.

Major infrastructure upgrades linked to the project

CBD Punjab stated that several ongoing infrastructure developments are expected to support growth in the central business district. These include the Kalma Underpass remodeling, upgrades to Walton Road, the Capt. Karnal Sher Khan Shaheed Flyover, and Route 47. Officials said these projects are contributing to improved investor confidence.

CEO says initiative aims to drive economic growth

Imran Amin, CEO of CBD Punjab, said the authority is positioning Lahore as a globally competitive urban center. He stated that partnerships under Al Watani are expected to support job creation and drive economic opportunities in the province.

Expanding development zones

The Al Watani project is planned as a mixed-use zone incorporating commercial, technological, hospitality, and infrastructure components. CBD Punjab also continues expansion across the Quaid District, CBD Bab District, and CBD NSIT City, which are being promoted as the emerging economic core of Punjab.