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Real estate: Abu Dhabi Group to invest $45 billion in Pakistan

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  • #1

    Real estate: Abu Dhabi Group to invest $45 billion in Pakistan

    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 and United Bank Limited under which $45 billion will be invested in Pakistan.
    The investment will be made in various construction projects, and is the biggest-ever foreign investment in Pakistan.
    Out of the total investment value, $10 billion will be invested in Islamabad and Lahore whereas $35 billion will be invested in Sindh.
    These projects also include the construction of the tallest building of the world (Taller than Burj Khalifa, Dubai) in Karachi.
    Moreover, the project encompasses sports city, educational and medical city, international city and media city. The project also includes the construction of miniatures of the Seven Wonders of the World. These projects will employ 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 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 the 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 said that Bahria Town not only represents modern Pakistan but is also a credible, respected and authentic name in the real estate sector the 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 expressed his pleasure at the signing and said that it was a matter of great pride to be part of this project as such a huge amount of foreign investment has never been made before.
    A distinguished feature of this project is the utilisation 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 addresses the current water and electricity issues of the country.
    The Abu Dhabi Group has previously made huge and successful investments in Pakistan by the establishment of Bank Alfalah, Warid Telecom and Wateen Telecom.

    Real estate: Abu Dhabi Group to invest $45 billion in Pakistan – The Express Tribune
    Tags: $45, abu, billion, dhabi, estate, group, invest, pakistan, real
  • #2
    wtf? does Karachi really need tallest building in the world? Why can't they invest in education? and try to get rid of poverty in muslim world. again the priorities of our countries are so messed up, shame on us
    Last edited by Karachi; 02-18-2013, 01:29 AM.

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    • #3
      Who will live here anyways? the corrupt people who are looting the country and keeping their money in Dubai/Abu dhabi banks? most bloody likely

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      • #4
        Originally posted by Karachi View Post
        Who will live here anyways? the corrupt people who are looting the country and keeping their money in Dubai/Abu dhabi banks? most bloody likely
        Ofcourse such luxury places are made for the corrupt elite. A common man cant afford to go to such places. it will attract all the money looters of Pakistan who take their money out of Pakistan.

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        • #5
          Corrupt nations like AFPAK can't do anything productive with money. Afghanistan who has only 30 million people couldn't do much with $200 billion, I wonder what a nation of 200 million will do with 45 billion. When you have corrupt politicians, who will sell you for a rolex; don't feel surprised. If Pakistan drops it's terroris oriented policies now, it will still take the nation 50-100 years before it starts seeing some proper tourism revenue. People have made AFPAK synonymous with bomb blasts and terrorists. For example, if Shehbaz Khan or any other Pakistani were to visit a western airport, there is always this feeling that he can be the next underwear bomb blower, even though he could be a bright Ph.D who has a solution to P!=NP problem. Sad facts of this world, saying it how it looks.
          Even Adobe Photoshop can't change me.

          A line[Durrand line] of hatred that raised a wall between the two brothers -Hamid Karzai

          For generations, the Hindus of India prayed for deliverance from "the venom of the cobra, the teeth of the tiger and the vengeance of the Afghan."


          The men of Kábul and Khilj also went home; and whenever they were questioned about the Musulmáns of the Kohistán (the mountains), and how matters stood there, they said, "Don't call it Kohistán, but Afghánistán; for there is nothing there but Afgháns and disturbances." Thus it is clear that for this reason the people of the country call their home in their own language Afghánistán, and themselves Afgháns. The people of India call them Patán; but the reason for this is not known. But it occurs to me, that when, under the rule of Muhammadan sovereigns, Musulmáns first came to the city of Patná, and dwelt there, the people of India (for that reason) called them Patáns—but God knows!

          -Ferishta, 1560–1620

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          • #6
            these arabs must of been drunk if they thought this was a good idea.
            There are people today who think that admitting God’s absolute greatness decreases the value and importance of humans in the creation, as if God and mankind are rivals competing in greatness and power. Meanwhile I feel that whenever our perception of God’s greatness increases, with it we become greater, because we are the creation of a great God.

            Sayyid Qutb

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            • #7
              Originally posted by randolph85 View Post
              these arabs must of been drunk if they thought this was a good idea.
              The rel estate enterprize is not bad in Pakistan.

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              • #8
                So...errrrr how much money are the 2 poorest provinces going to get?
                Originally posted by Elite Pakhtun
                I still remember those pieces of garbage asking US presidents, when they visit, stuff like "why can't we (India) teach them (Pakistan) a lesson?". Morr kus de ughaym.. f*cking indiot garbage. I f*cking hate them so f*cking much. Afkoonis jumping on indiot d*ck is f*cking annoying too.

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                • #9
                  despite the real state crashing in dubai, why do they keep investing in it? someone please give them brains. It's all bubble market in those countries, some people can make quick easy money, before the market crashes.

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                  • #10
                    my friend yesterday was talking about something else, but this may apply here aswell

                    : "when people have eaten and lived haram all their lives, doing haram becomes the normal way of their lives"
                    Last edited by Karachi; 02-18-2013, 08:34 PM.

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                    • #11
                      I absolutely agree there---all this money should be spent on education and infrastructure development---

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                      • #12
                        It's like the people asking for a piece of bread to survive and you give them your diamonds to wear!

                        Few days ago same things were said by many Pakistanis about the Metro Bus Project in Lahore by CM Punjab. I guess the education budget of the entire province is half of the money spent on this bus project. Though the bus will be solving some problems of the common man but still we need to set our priorities. We must first address our basic issues and than move towards the luxuries of life.
                        yao warokay ghwandi baagh ao pa khwa ye seen rawan!

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