Born February 8, 1954, Malik Riaz Hussain is a real estate business tycoon in Pakistan and a leading philanthropist. He is the chairman and founder of Bahria Town and seventh-most vibrant personality in the country with a net worth of US$1.1 billion, as of 2017. He is also one of the leading social activists in Pakistan.
Malik Riaz Early Life:
Born to a wealthy family in Sialkot, which went bankrupt in his teenage years, Malik Riaz dropped out of high school as his father faced heavy losses in business. He completed his matriculation there. He worked with Military Engineering Service as a clerk, and he also worked as a painter part-time. Later on, he moved to become a contractor and secured the contract in the mid of the 1990s with the Pakistan Navy. He developed two real estate projects in Rawalpindi.
Riaz became a contractor in the 1980s and introduced the gated community in 1995 for Pakistan Navy. The contract was terminated at the end, and Riaz developed Bahria Town in Rawalpindi.
Malik Riaz Hussain Business Details:
Malik Riaz Hussain has expanded his excellent wit in his business under the name Bahria Town Group. Riaz is well regarded as a promising developer in his corporate practices. He is well defined by traditionalism and religiosity. He started as a contractor on a small scale. The way he became one of the leading business moguls in Pakistan from a clerk in MES is exciting. Everyone knows in this country that he is the man behind one of the leading private real estate development companies Bahria Town which has materialized in Southeast Asia. Bahria Town is stretched over 45000 sq. Acres of landscapes. The owner has invited a lot of controversies and speculations since its development.
Bahria Town Projects Details:
Founded in the late 1990s, Bahria Town launched its first-ever gated community in the south of Rawalpindi on GT Road. It had expanded into nine different phases by the mid of the 2000s and split it into two different compounds. In Lahore, the second gated community was launched and built-in Southern Lahore and Greco-Roman culture.
Bahria Town Karachi was launched in the year 2015, and it is the largest of gated communities. In 2013, Bahria Enclave Islamabad was the smallest of those projects. A lot of such communities are large towns, and its oldest city is stretched over 40000 sq. Acres of landscapes Rawalpindi. This under-construction project is spread over 44000 acres, and it is the leading private residential community in the nation.
The projects have combined capacity to settle millions of residents. Along with gated communities, a lot of shopping complexes have been introduced by the company, including Mall of Islamabad and the Mall of Lahore, a supermarket chain under Green Valley Hypermarket, a cinema chain under the Cine Gold brand, and skyscrapers like Bahria Icon Tower.
The company employs over 100,000 employees, and it has also developed Grand Jamia Mosque, Lahore, one of the largest in the world. It is also going to develop Karachi’s third-largest mosque.