Mr. Malik Riaz is a dynamic, visionary, social & entrepreneurial personality who has revolutionized the housing industry in Pakistan. He is known at home & abroad as a builder, developer & dynamic entrepreneur.
One of the prime examples of his vision and the ability to deliver on a galactic scale is the Bahria Town project in Pakistan, which is Asia’s largest private real estate development in terms of area and infrastructure. Embellishing the covers and insides of world’s leading magazines like the Newsweek International, Bahria Town is an absolutely stunning masterpiece that for the first time has introduced the highest living standards to Pakistan.
He has forever raised the standards of real estate development by giving awareness to the customer. The real estate sector has today been formally recognized as an industry in Pakistan. Bahria Town has established the national economy by motivating pure foreign investment in real estate sector, his innovative concepts and unique technologies are practiced by all other urban developers in the country.
The effects of his value system are far reaching. In only a short span of decade, he has created business opportunities for over 1000 local suppliers an employs more than 200,000 workers in direct and indirect employment. Every house that is built supports more than 55 allied industries.
Also his personal contribution to organizations and fields outside the realm of his business interests presents his selfless efforts and generous social work towards nation-building.Malik Riaz Hussain has been awarded the prestigious "Businessman of the Year 2008" award by Rawalpindi Chamber of Commerce & Industry for his extraordinary achievements and services in the housing sector, which was presented to him by Mian Shahbaz Sharif, Chief Minister of the biggest province of Pakistan.
Besides helping the economy of the Pakistan in several forms Malik Riaz is also one of the leading philanthropic personalities of the country. He has a separate department responsible for charitable projects and the people from the company are directly involved in these initiatives.
In order to mitigate the housing crisis in Pakistan, annual deficit of 350,000, he has launched Awami Villas that caters exclusively to the needs of the lower income segment in the country; which has the fastest growing middle class in the region. He has taken this initiative without any profit motivation; a large share of the cost of the project will be borne by him.
“I want to be remembered as remembered as a Philanthropist not a Real Estate Tycoon.” His close friends & colleagues hear him say this time & again.
Educational & Family Background
Malik Riaz Hussain was born a 3rd child to a middle class family of eight.
He is not a graduate he simply completed his basic schooling from the local school here in Rawalpindi, Pakistan.
In all humanity, he stated that he started his career with only fifteen hundred rupees and this amount too had been borrowed from relatives. A small contract from a military engineering service jump started his practical career. As of 1969 he had no bungalow, car or even a motor cycle or bicycle to his name. It was in such difficult times in 1971 that his one and a half years daughter contracted food poisoning and consequently suffered from diarrhea and vomiting. He took her to the doctor. Unfortunately, in such a situation he did not have the money to buy medicines prescribed by the doctor, upon this he was compelled to sell his household brass water container for Rs. 45 with which he purchased medicine from a chemist. Later he got his daughter admitted to the Hospital, and the sale of other household utensils paid for rest of her treatment.
Henceforth his financial condition rapidly improved. From 1969 to May 1986 he kept entertaining Military Engineering Services contracts. In 1996, he entered in a joint venture with the Bahria Foundation of Pakistan Navy and together launched the Bahria Town. Later Pakistan Navy was separated from the project & Malik Riaz Hussain took on the project himself.
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