Abu Dhabi Group sign investment worth $45 billion

[Edevelop]

Are you sleeping?, Centaurus tower is in final stage.

Not really. The Hotel tower is left to build. BTW, this whole project's construction began in 2005. We are still waiting.

 

[Peaceful Civilian]

Not really. The Hotel tower is left to build. BTW, this whole project's construction began in 2005. We are still waiting.

bro There is separate thread for Centaurus. You can discuss here
http://www.defence.pk/forums/economy-development/2626-islamabad-centaurus-corporate-complex.html

 

[ice_man]

NOTHING WILL HAPPEN! contracts in pakistan are signed daily! BUT never go through. example centurian! even the ground breaking won't happen!

 

[Secur]

For the Indians who wanted express tribune.

Well after denial , comes confusion ... You are already seeing that sort of comments here " Why would someone invest in Pakistan ? " Go ******* ask the Abu Dhabi group and its head , why bother us and waste your time if you think the news if false ! Always trying to belittle other's progress ...

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

A UAE source this time ...

 

[Bobby]

Even Pakistanis are not investing in Pakistan...they are even going to Bangladesh rather than Pakistan.....just logical thinking no trolling

 

[Ghareeb_Da_Baal]

For the Indians who wanted express tribune.

Real estate: Abu Dhabi Group to invest $45 billion in Pakistan – The Express Tribune
@Gandalf

here is the photos shopped photo

 

[ice_man]

Don't fall for this political gimmick. There is no reality in it. Only to get headlines before elections, to create dreams for future so that they can get votes.

yup totally agree nothing will happen! if EMAAR couldn't build anything how will this partnership do? political drama!

 

[Bobby]

45 billion is roughly 25% of Pakistan GDP! Castles in the sand, as the saying goes.

 

[MM_Haider]

i wonder why this news isnt published in Gulf news...

 

[karan21]

You guys realize that these projects might just remain on paper and not materialize. Tallest building in karachi, and who will buy all that real estate. How many millionares in Pakistan?? Pakistan is not the real estate and tourism driven economy. Karachi is not Mumbai or Abu Dhabi. Dont try to do what the Saudis are doing in their countries.

Spend this money to build metros, BRTS, MRTS and highways. Will help you guys a lot and investements will pay off.

 

[Bobby]

Tallest building in Karachi. That’s just what you need to be spending money on

 

[Secur]

Tallest building in Karachi. That’s just what you need to be spending money on

Classic example of jumping on the bandwagon ! Did you read the other stuff besides the tallest building thing e.g the Medical and the Science city ?

45 billion is roughly 25% of Pakistan GDP! Castles in the sand, as the saying goes.

Begin trolling !

 

[Fracker]

Good Initiative from development PoV. But from Political PoV, bad timing. or fixing up bad things done in past 5 years.

I am still not sure how they gonna complete this building in just 3-4 years.

For all Indians Trolls, Just for the information United Bank in Pakistan i already owned by them. They have done too much investment in Pakistan already, so if Pakistani Economy grow in the end they will get benefits out of it. And last not the least, Abu Dhabhi already finished their land, not the they already started to find some other investment opportunities. To grow more, but in the end, this is helping Pakistan, so don't get burnt because of this.

 

[khanboy007]

i wonder why this news isnt published in Gulf news...

well it came in khaleej times (pakistan section)

 

[Secur]

well it came in khaleej times (pakistan section)

Deal signed to build world’s tallest building in Karachi

(Staff Reporter) / 16 February 2013

DUBAI - Pakistan’s property tycoon and founder of Bahria Town, Malik Riaz, has inked an agreement with Abu Dhabi Group to construct the world’s tallest building in Karachi, reports said on Friday.

According to televison reports, the groups would invest $45 billion in Pakistan which would open up employment opportunities to 2.5 million people.

Under the deal, investment amounting to $35 billion will be made in Sind, while $10 billion will be invested in Islamabad and Lahore. Under the deal, which represents the largest foreign investment in Pakistan, facilities such as sports, international, media, educational and medical cities will be built in Pakistan’s financial capital.

Reports said miniatures of the world’s seven wonders would also be built as part of the project.

This agreement would give boost to more than 55 sectors in industries, particularly cement, iron and glass manufacturing, the reports added.

Deal signed to build world’s tallest building in Karachi - Khaleej Times