Minister for Ports and Shipping Senator Babar Khan Ghauri during his review visit to the site of the ‘Port Grand Food Court’ under Napier Mole Bridge has announced Asia’s largest and most modern food street to be built at a cost of Rs1 billion and spread over nine acres. It would be inaugurated by the end of November this year in Karachi.

The food street was being built on Build-Operate and Transfer (BoT) basis with 100 per cent foreign investment. The foreign company, Grand Leisure Corporation (GLC) had been given the project on BoT basis for a 21-year lease to finance, construct and do operational maintenance.

It was originally going to be inaugurated on the Independence Day but due to security reasons the programme was delayed and now it would be inaugurated on Eid ul Azha.

Improved law and order situation and achievements of security forces on the front of terrorism has revived the confidence of foreign investors. As a result of this, the minister said various teams of foreign investors paid visits to the site of the food street to give final touches and hoped that more foreigners would start coming to Pakistan in the coming days.