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Pakistani real estate development
Born: February 8, 1954 (age 66 years), Rawalpindi, Pakistan
Spouse: Beena Riaz
Children: Sana Salman, Ahmed Ali Riaz, Pashmeena Malik
Organization founded: Bahria Town
Malik Riaz Hussain was born on February 8, 1954 in Islamabad, Pakistan.
Many people believe that Malik Riaz Hussain was born with a silver spoon in his mouth; however, the statement is only partially true for him.
He was born into a wealthy family but his father’s business collapsed which forced him to start working as a clerical staff at the age of 19.
Twelfth Richest Man of Pakistan: He started off as a small time contractor in 1980s; however, the details on how Hussain, from an ordinary clerk in Military Engineering Service (MES) climbed up the ladder of success and became one of the biggest business magnates of Pakistan are extremely sketchy.
All the country knows is that he is the man behind Bahria Town, one of the largest private development projects to have materialised in Southeast Asian region.
Bahria town, which spans over an area of 45,000 square acres, along with its owner invited many speculations and controversies since the time of its construction.
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Malik Riaz Hussain is a Pakistani business tycoon who is the founder of Bahria Town, the largest privately held real estate development company in Asia.
Riaz started his career as a clerk with a construction company in Rawalpindi.
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.
The Navy’s Bahria Foundation served a legal notice to Riaz to stop using the word “Bahria” for his company’s construction projects, but Riaz went on to develop Bahria Town Rawalpindi offering gifts of banglows, and mansions to politically connected people and army generals.
He expanded his real-estate company and developed gated communities in Karachi, Lahore and Islamabad during the 2000s, developing a combined area of 45,000 square acres.
As of 2016, Bahria had 60,000 employees, making it one of the largest private sector employers in Pakistan.
Riaz is a controversial figure and has been subject of several corruption investigations.
Bahria Town Karachi is the biggest private project of Asia, which is also owned by Malik Riaz.