Malik Riaz
Pakistani businessman (born 1954) / From Wikipedia, the free encyclopedia
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Malik Riaz Hussain (Urdu, Punjabi: ملک ریاض حسین; born February 8, 1954[1] in Sialkot) is a Pakistani real estate tycoon who is the founder of Bahria Town, the largest privately held real estate development company in Pakistan. His career in real estate has been marred with allegations of bribes given to Pakistani generals, journalists, judges and politicians, in return for free or cheap lands to develop his housing scheme.[2]
Malik Riaz | |
---|---|
Born | (1954-02-08) February 8, 1954 (age 70) |
Nationality | Pakistani |
Citizenship | Pakistan |
Education | Intermediate |
Occupation | Founder of Bahria Town |
Organization | Bahria Town |
Known for | Developing Bahria town gated communities |
Spouse | Beena Riaz |
Children | 5 |
Riaz started his career as a clerk with a construction company(MES) in Rawalpindi.[3] In the 1980s, Riaz moved to become a contractor, and in 1995 Riaz's construction company Hussain Global, signed an agreement with Pakistan Navy's charitable trust known as Bahria Foundation to develop a gated community for Pakistan Navy.[4] The Navy's Bahria Foundation served a legal notice to Riaz to stop using the word "Bahria"/Maritime/Navy for his company's construction projects, but Riaz went on to develop Bahria Town Rawalpindi offering gifts of bungalows, and mansions to politically connected people and army generals.[5]