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World’s tallest building to be built in Karachi
 


February 15, 2013 - Updated 1633 PKT
From Web Edition
 
 



ABU DHABI: Former chairman and present consultant of Bahria Town, Malik Riaz Hussain has signed an agreement with His Highness Sheikh Nahyan bin Mubarak Al Nahyan; Chairman Abu-Dhabi group, Union National Bank & United Bank Limited.

 

Under the agreement 45 billion dollars will be invested in Pakistan for various construction projects, which is the biggest and historical investment in Pakistan. Abu-Dhabi group has previously made huge and successful investments in Pakistan by the establishment of Bank Alfalah, Warid Telecom and Wateen Telecom.

 

Out of the total investment value 10 billion dollars will be invested in Federal Capital- Islamabad and Lahore (Punjab) whereas 35 Billion dollars will be invested in Sindh. These projects also include the construction of tallest building of the world (taller than Burj Khalifa, Dubai) in Karachi. Moreover, the project encompasses Sports city, Educational & Medical city, International city & Media city. The project also includes the construction of miniatures of Seven Wonders of the World.

 

These projects will employee more than 2.5 million people and will boost more than 55 industries like cement, bricks, iron, steel and glass. Moreover these projects are expected to represent all the social classes of the society and middle-class and lower-middle class will have equal representation.

 

The agreement will have a revolutionary impact on not only Pakistan’s economy but also tourism of the country and will be a milestone in reviving the lights of Karachi.

 

Speaking on the occasion, His Highness Sheikh Nahyan bin Mubarak Al Nahyan expressed that Bahria Town not only represents modern Pakistan but is also a credible, respected and authentic name in the real estate sector world-over. “I am genuinely happy that in this historic project of Pakistan we are working with the visionary Malik Riaz Hussain, this guarantees that not only the project will be delivered beyond our expectations but also before time. We will Inshallah be welcoming first residents in next 3-4 years.”

 

Malik Riaz Hussain, former chairman and existing consultant Bahria Town, expressed his pleasure and said that it is a matter of great pride for me that His Highness Sheikh Nahyan bin Mubarak Al Nahyan has selected us for making the dream come true for a modern and developed nation with this historical project. This is also a proud moment for Pakistan as such a huge foreign investment has never been made before.

 

A distinguished feature of this project is the utilization of seawater to produce electricity. The projects will have their own grid station.

 

Moreover, a separate modern water treatment plant will be established to convert seawater into drinking water. These features make this a landmark project in Pakistan, which addressing the current water & electricity issues of the country. Works on this monumental project will soon be starting.

 
 
 
 
 
 
 
 
 
 
Reader Comments
it is a revolutionary idea by Mr Riaz.. it shows his love for pakistan. millions of educated people will find job here and economy of pakistan will touch the sky in a few days..this project will play its role to vanish poorty from pakistan, whole the nation is thank full of Mr Riaz for taking this decision.

Engr Arif Javaid
Pakistan
yes & then the ttp will blow it up!!!! thats the future of this nation.. hopless country who cant even protect its people!!

ABC
Pakistan
its a emerging and challenging project of the world to be constructed and multi job producing

muneer
Pakistan
I APPRICIATE TO MR RIAZ TO PLAN THIS MEGA PROJECT IN PAKISTAN HOPE THIS PROJECT WILL OPEN MANY JOB VACCIES FOR THOSE EFFICENT AND QUILIFIED PEOPLES THOSE WHOSE ARE WORKING IN OUT SIDE THE COUNTRY AND IN THE END I PAY MY SALUTE TO MR RIAZ FOR THIS PROJECT.HE IS OUR NATIONAL HERO

TARIQUE AHMED ABRO
Saudi Arabia
May ALLAH bless my Pakistan, it would be great.

Raheel
Pakistan
Very good project and a role model for creating new cities based on modern concepts. Cities within cities fully equipped with its own kind of transportation, power generation, water cleaning reticulation plants, one stop shopping for all kind of items, and having its own security system. And this is the ony solution to problems in Pakistan and making a much stronger Pakistan. This project surely will contribute to development of all sectors of Pakistan.

abrar aasher
Saudi Arabia
Just amagin that how may people will find new jobs, how many new shops will open, how many will be able to sell their products, how many new school and colleges and hospitals will be built here. All this is the true way to development. Don't ask for begaar but ask for more jobs.

dagistar
Pakistan
i am failing to understand why my country man can't understand that this in an investment and its up to the investor where he want to invest his money. Come on guys, wake up! This is their money and they will invest as they want not to solve our problems.

Shafiq
Pakistan
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