Abu Dhabi Group, tycoon to build world's tallest building in Pakistan

Malik Riaz and UAE group to invest $45 billion in Pakistan

Staff

Published Friday, February 15, 2013

Burj Khalifa is currently the world’s tallest tower (FILE)

UAE’s Abu Dhabi Group and Pakistani real estate tycoon Malik Riaz on Friday signed a deal to invest $45 billion (Dh165.15 billion) in Pakistan including building the world’s tallest building in Karachi.

Pakistan’s news channel Geo reported today that $35 billion (Dh165.15 billion) will be pumped in Sindh province while the rest will be invested in Lahore and Islamabad.

Under the deal, Sports City, International City, Media City, Educational and Medical City will be built in Pakistan’s financial capital. The news channel said that world’s Seven Wonders will also be built as part of the project.

The deal is expected to generate over 2.5 million jobs in Pakistan.

The channel, however, didn’t reveal the time for the completion of the project.

Comments

dagistar 21 February 2013 14:07 3 1

Great start of Paksitan and UAE togather.

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dagistar 21 February 2013 14:06 0 0

Great project. A role model for the future cities of Pakistan, to be fully equipped with its own universities, power stations, security, water plants and complete one stop shopping of all kind. This is the perfect way to provide jobs mean food for million families and thousand more business opportunities. Well done and good step forward no matter what some jealous people may say or criticize.

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Hassan 20 February 2013 12:30 2 0

This is a great project for all of us Pakistanis because it will provide labour to people who are living hand to mouth....

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Pakistani 19 February 2013 19:49 1 2

Guys!!! It's a great news but let's not forget the great Mr. Malik riaz who has sold Half Of the country already and pocketed billions for himself and politicians.

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salah jokhio 19 February 2013 18:24 1 1

listen Mathews, you are right but in this way you get many chances to get those things which you point out... think again and thinck about dubai and then thinck about past of dubai.... plz pray that it will come true ALLAH BLESS all of us

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Mathews 18 February 2013 15:38 4 9

first of all its not a tall building pak wants, bring food and water and education to uplift them to a status where they stand on their own two legs. then they will build tallest towers.

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Alam Khan 18 February 2013 05:12 8 2

Thanks for the support of UAE to Paksitan...

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Alam Khan 17 February 2013 23:10 4 2

We proud of the UAE government to support to improve the economy of Paksitan and help the people of Pakistan to be educated and give them the advanced facilities. Thanks the Government of UAE from all the Pakistani nationals once again.

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Ahmad Sohail 17 February 2013 22:12 13 2

LONG LIVE PAK!

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Ahmed Farooq 17 February 2013 21:32 7 3

This would be amazing project.. Love U UAE. Love U Pakistan

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ayyan 17 February 2013 21:16 1 2

when is it gonna finish building

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Abid 17 February 2013 20:29 3 2

It is a great news.

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Ali 17 February 2013 17:30 2 1

Inspiring news for pakistan.If Pakistan continues to attract FDI in this manner then very soon Pakistan will be added to 'BRICS' nations to read " B PRICS" thus changing a lot and obtain a emerging market status.

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Sridhar 17 February 2013 23:37 5 1

It doesn't look like reality , world is facing problem ecnomicaly so there no point one will invest 45b$. it is politically motivated announcement,by political party for election vote bank. The deal is expected to generate over 2.5 million jobs in Pakistan; means people will vote ...to get jobs ...

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Owais From Dubai 17 February 2013 14:47 7 4

Wait, didn't Mr. Malik Riaz earlier said he will contribute $2Bn towards flood victims and rebuilding the damaged houses etc?

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Saad 17 February 2013 14:19 8 4

UAE leaders, we love you. Great Love from Pakistan.

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Amin Mohammad 17 February 2013 12:16 11 8

Pakistan has some sincere friends like China and UAE. We Pakistanis love China and UAE.

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Fifa Sicklet 17 February 2013 12:14 1 4

Great Malik Rayaz.

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Ballaki 17 February 2013 10:56 11 4

I am from pakistan born in Abu Dhabi and I am very happy.

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Ali 17 February 2013 10:26 15 10

Pakistan needs first to do housekeeping on security and safety of its citizens before attracting FDI.

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