Pakistan plans to build a first-of-its-kind theme park in Islamabad with investment from Saudi investors. Interior Minister Syed Mohsin Naqvi announced the project on Sunday during a ceremony at Lahore’s Gaddafi Stadium.
The event marked the signing of a Memorandum of Understanding (MoU) between Saudi investors and the Capital Development Authority (CDA). The agreement outlines the proposed investment and land arrangements for the project. Saudi-Pakistan Business Council Chairman Prince Mansour bin Mohammed Al-Saud and CDA Chairman Sohail Ashraf signed the agreement. Naqvi welcomed the Saudi delegation and congratulated Prince Mansour on the development.
According to the Interior Ministry, Saudi investors will finance the theme park project. The CDA will provide the land required for its development. However, officials have not announced a construction timeline, project cost, or expected opening date.
Mohsin Naqvi calls project a major development
Speaking at the ceremony, Naqvi said Islamabad’s infrastructure was being developed along the lines of modern international cities. He described the planned theme park as a project that could bring significant changes to the capital.
The minister also assured Saudi investors of the government’s support. He said the government would provide all possible facilities to encourage investment in Pakistan. Naqvi highlighted the importance of strengthening economic cooperation between Pakistan and Saudi Arabia. He also announced plans for a roadshow in Saudi Arabia focused on Pakistan’s real estate sector.
The proposed roadshow is intended to highlight investment opportunities and encourage further business engagement. Real estate, infrastructure, and property development remain potential areas for cooperation between the two countries. Prince Mansour Al-Saud also spoke about Pakistan’s investment potential. He said the country offered numerous opportunities, particularly in Islamabad.
Saudi-Pakistan investment cooperation gains attention
The theme park agreement comes amid efforts to strengthen economic ties between Pakistan and Saudi Arabia. Both countries have explored opportunities for cooperation across different business sectors. Earlier in the week, Lahore hosted a three-day Saudi-Pakistan Real Estate Exhibition. The event brought together investors, developers, and industry representatives to discuss potential projects and investment opportunities.
The exhibition provided a platform for businesses to showcase developments and explore partnerships. The planned roadshow in Saudi Arabia is expected to continue these efforts.
Naqvi clarifies plans for F-9 Park
Separately, Naqvi addressed concerns about the future of Islamabad’s F-9 Park. In a post on X, he said the existing park would not be affected by the proposed plans.
He stated that no trees would be cut and no new concrete structures would be built in F-9 Park. The minister said the government instead planned improvements to lighting, walkways, and other facilities. Proposed enhancements include a lake, coffee shops, and the plantation of thousands of additional trees. Naqvi said the aim was to make the park greener, safer, and more enjoyable for families and visitors.
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The clarification distinguishes the proposed theme park project from the planned improvements at F-9 Park. Further details about the new project’s location, design, facilities, and development schedule have yet to be announced.
