Juwai IQI and Maymar Housing Services have signed a memorandum of understanding (MoU) to explore a joint venture and bring the Juwai and IQI brands and real estate platforms to the Pakistani market, reports Mettis Global News (14 August 2020). The MoU grants Maymar - a leading real estate development company based in Karachi - the exclusive right to use the Juwai and IQI brands and represent them in Pakistan. A potential joint venture between the two companies will result in linking international buyers in the Asian markets to real estate opportunities in Pakistan. Kashif Ansari, IQI Global Group CEO, said the Pakistani market offers huge untapped potential. "This kind of cooperation forms a core part of our future growth strategy, as we expand into new geographies. We look forward to working with Maymar to bring our platforms and brands to the country and advance the growth of Pakistan's housing and real estate sectors."
