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A True Entrepreneur in Pakistan - Malik Riaz
A True Entrepreneur in Pakistan - Malik Riaz
A True Entrepreneur in Pakistan - Malik Riaz
Technology
FA06-BBA-053
Bahria Town was established in the year 1996. The main objective was to build not
only homes but several value-added, master planned commercial projects that
would contribute to the economic development of the country. The chairman/CEO
Mr. Malik Riaz got a contract to develop 2,388 kanals of Revenue Employees
Cooperative Housing Society land. Although several controversies have affected the
image of Bahria Town, yet it has been successful to maintain the impression of a
luxury housing society.
Mr. Malik Riaz’s Background
Although Malik Riaz belonged to a wealthy family, his father’s contracting business
collapsed when he was just 19. By that time, he began his career as a ‘lowly clerk’
in Islamabad. Although there is no information available on his educational stream,
some close to the entrepreneur say that he is a real intelligent person. He has been
so poor during the initial years of his marriage that he did not have money to
purchase medicine for his infant daughter. According to him, he never forgets being
poor and that keeps him modest and generous. In the late 1970s, he was given loan
by a friend to invest in contracting business. Riaz worked day and night for the
success of his business and proved himself as a great business man. With the
passage of time, his business and experience grew and he moved on to Malaysia for
further projects. During his stay at Malaysia, he decided to introduce a world class
luxury housing society in Pakistan and in the year 1996, he launched Bahria Town.
Although there is no exact count of employees available, it is said that Bahria Town
emerged as one of the most leading conglomerates that brought employment to the
country. At this point in time, Bahria Town has more than 21,000 employees in
different parts of the world and is looking forward to hire some more for its further
projects in Murree and Karachi.
• Safari Villas
• Safari Apartments
• Safari Valley
• Bahria Homes
• Meadows
• Executive Lodges
• Bahria University
• ACE Academy
• Commercial Zones
• Strict rules and regulations for every person who resides or operates business
within the boundaries of Bahria Town
In addition to these strengths, Bahria Town has been involved in various affiliate
programs which contributed to its positive image and long-term success. At present,
Bahria Town is partners with DHAI, OJMR (Los Angeles) and Starwood Hotels and
Resorts.
And besides these characteristics, Mr. Malik Riaz stays organized, gets involved in
the operations and is easily accessible to the customers and employees.
Future Challenges
Although Mr. Riaz has realized his dreams, he’s still looking forward to a number of
projects in future. Some of his upcoming projects include:
• Bahria Paradise
• Bahria Icon
• Ahram-e-Misr
• Bahria Town should link its first 6 phases with phase 7, 8 and 9 through a Fly
Over. This will double the prices of lands and houses as it would become
accessible from within the old Bahria Bridge.
• Malik Riaz should introduce some more housing schemes for the ordinary
average class – especially the lower middle class.