Abu Dhabi Group sign investment worth $45 billion

[somebozo]

It is off the DHA Golf Club:

City Walk – Exploring The Dog Island | The Karachi Walla

The place is called Dog Island which is not a Pakistani answer to Langkawi or Sentosa Island but certainly has potential to become a tourist spot. The island itself is pretty close to DHA coastline (Golf Club to be specific) but Adventure Water Sports (The enterprenueral venture) has its office behind PAF-KIET in Korangi Industrial Area (10 min ride from CBM). From AWS office you get a boat ride (painfully slow lasting 45 min one way) to the Dog Island. The island is highly polluted and full of dogs (How they ended up there and how do they survive and multiply is still a mystery) but offers quite a few attractions. There are sand dunes, delightful mangroves, and vast empty space for wandering

Does MQM has an office there? with 45 billion I am sure they will be quick to establish a unit there!

 

[DeMoN_HuNteR]

ABU DHABI (Reuters) - A member of Abu Dhabi's royal family says he plans to spend $45 billion over up to 15 years on a real estate project in Karachi, touted in Pakistan as the country's biggest ever foreign investment.
Sheikh Nahayan bin Mubarak al-Nahayan said the investment plans - which his business partner in Pakistan said on Friday included the tallest building in the world - were at a very early stage.
Sheikh Nahayan, chairman of conglomerate Abu Dhabi Group, said his privately-owned construction firm, Dhabi Contracting, had signed a memorandum of understanding with Pakistani real estate tycoon Malik Riaz Hussain to build residential properties on an island in Karachi.
"We have signed an MoU but a lot of studies will still have to be done," he told Reuters on Sunday on the sidelines of a defense industry exhibition in the United Arab Emirates capital.
Nahayan, who is also the UAE's minister for higher education, gave no details of how he would finance such huge developments, beyond saying it could be done through loans or cash.
"It will be in phases. Every phase will be studied by itself... It depends on the situation when we decide to go ahead with the projects."
Abu Dhabi Group, which invests in emerging markets, already has large investments in Pakistan including Bank Alfalah , Warid Telecom, Al Razi Healthcare and Wateen Telecom.
A statement issued in Pakistan on Friday said the deal had the potential to transform the south of the country.
Karachi, the country's commercial hub, is known for its violent crime, which claims about a dozen lives a day, the risk of being kidnapped and crumbling infrastructure.
The deal included plans to construct a miniature seven wonders of the world, the tallest building in the world, a sports city, an education and medical city, an international city and a media city, according to the press release.
Sheikh Nahayan said on Sunday that a final decision to build the world's tallest tower had not been made, adding that developments would be mainly residential.
The tallest tower currently is the Burj Khalifa, built in Dubai at a cost of $1.5 billion.

Abu Dhabi lays foundations for mammoth Pakistan property project | Reuters

 

[Gandalf]

ABU DHABI (Reuters) - A member of Abu Dhabi's royal family says he plans to spend $45 billion over up to 15 years on a real estate project in Karachi, touted in Pakistan as the country's biggest ever foreign investment.
Sheikh Nahayan bin Mubarak al-Nahayan said the investment plans - which his business partner in Pakistan said on Friday included the tallest building in the world - were at a very early stage.
Sheikh Nahayan, chairman of conglomerate Abu Dhabi Group, said his privately-owned construction firm, Dhabi Contracting, had signed a memorandum of understanding with Pakistani real estate tycoon Malik Riaz Hussain to build residential properties on an island in Karachi.
"We have signed an MoU but a lot of studies will still have to be done," he told Reuters on Sunday on the sidelines of a defense industry exhibition in the United Arab Emirates capital.
Nahayan, who is also the UAE's minister for higher education, gave no details of how he would finance such huge developments, beyond saying it could be done through loans or cash.
"It will be in phases. Every phase will be studied by itself... It depends on the situation when we decide to go ahead with the projects."
Abu Dhabi Group, which invests in emerging markets, already has large investments in Pakistan including Bank Alfalah , Warid Telecom, Al Razi Healthcare and Wateen Telecom.
A statement issued in Pakistan on Friday said the deal had the potential to transform the south of the country.
Karachi, the country's commercial hub, is known for its violent crime, which claims about a dozen lives a day, the risk of being kidnapped and crumbling infrastructure.
The deal included plans to construct a miniature seven wonders of the world, the tallest building in the world, a sports city, an education and medical city, an international city and a media city, according to the press release.
Sheikh Nahayan said on Sunday that a final decision to build the world's tallest tower had not been made, adding that developments would be mainly residential.
The tallest tower currently is the Burj Khalifa, built in Dubai at a cost of $1.5 billion.

Abu Dhabi lays foundations for mammoth Pakistan property project | Reuters

^ So now we know that it will be invested in more than 15 years,which means less than mere 3 billion dollars a year.
AND also the funny part is it's a mere MOU as the Reuters report says.

Even Gujarat,an Indian State has signed 400-450 Billon dollars worth of MOU's in 2011:
Rs 20.83-lakh-cr MoUs at Vibrant Gujarat | Business Standard
THis MOU is a mere 1/10th of that MOU.
NOTE:20.83 lakh crore is 400+ billion dollars.

 

[DeMoN_HuNteR]

^ So now we know that it will be invested in more than 15 years,which means less than mere 3 billion dollars a year.
AND also the funny part is it's a mere MOU as the Reuters report says.

Even Gujarat,an Indian State has signed 400-450 Billon dollars worth of MOU's in 2011:
Rs 20.83-lakh-cr MoUs at Vibrant Gujarat | Business Standard
THis MOU is a mere 1/10th of that MOU.
NOTE:20.83 lakh crore is 400+ billion dollars.

dude we dont care how much progress ur INCREADIBLE INDIA is doing, this thread is about Karachi and yes this is what this news says, but Malik riaz in his own words told in an interview that work will begin next month so lets see what happens.

 

[Gandalf]

dude we dont care how much progress ur INCREADIBLE INDIA is doing, this thread is about Karachi and yes this is what this news says, but Malik riaz in his own words told in an interview that work will begin next month so lets see what happens.

But REuters is far more credible that Riaji or whatever:

"We have signed an MoU but a lot of studies will still have to be done," he told Reuters on Sunday on the sidelines of a defense industry exhibition in the United Arab Emirates capital.

Abu Dhabi lays foundations for mammoth Pakistan property project | Reuters

 

[DeMoN_HuNteR]

But REuters is far more credible that Riaji or whatever:

i dont know if a website could be more credible than a Mans word, who has delivered everything he has said in Past

 

[Gandalf]

i dont know if a website could be more credible than a Mans word, who has delivered everything he has said in Past

He is more of a scamster:
Video leak: Lucman, Bokhari run ‘planted show’ with Malik Riaz – The Express Tribune

Mediagate - Wikipedia, the free encyclopedia

 

[Sugarcane]

Yes, they will have a parade and march past eventually.
In the meantime, lets speculate and spread nahoosat!

Maybe telling truth is nahoosat for you

"We have signed an MoU but a lot of studies will still have to be done," he told Reuters on Sunday on the sidelines of a defense industry exhibition in the United Arab Emirates capital.
Nahayan, who is also the UAE's minister for higher education, gave no details of how he would finance such huge developments, beyond saying it could be done through loans or cash.
"It will be in phases. Every phase will be studied by itself... It depends on the situation when we decide to go ahead with the projects."

Source: http://www.defence.pk/forums/econom...stment-worth-45-billion-18.html#ixzz2LAhlEWco

 

[DeMoN_HuNteR]

He is more of a scamster:
Video leak: Lucman, Bokhari run ‘planted show’ with Malik Riaz – The Express Tribune

Mediagate - Wikipedia, the free encyclopedia

that media scandal is a different thing, and business is another just go and google "Bahria town" u will see what this man is really capable of doing

 

[Gandalf]

that media scandal is a different thing, and business is another just go and google "Bahria town" u will see what this man is really capable of doing

The fact is a corrupt scamster is a scamster,nothing else.
Most probably he paid the Pak media in this one too.

 

[DeMoN_HuNteR]

The fact is a corrupt scamster is a scamster,nothing else.
Most probably he paid the Pak media in this one too.

u know at the moment there is no point in discussing weather or not it is a scam, lets wait a couple of months and see what happens

 

[Gandalf]

u know at the moment there is no point in discussing weather or not it is a scam, lets wait a couple of months and see what happens

Ok Paaji,we will wait here too though we have waited for more than 6 years since Mushy said that they will built world's tallest tower in Karachi.

 

[DeMoN_HuNteR]

Ok Paaji,we will wait here too though we have waited for more than 6 years since Mushy said that they will built world's tallest tower in Karachi.

And we Still are making it
just wait a couple of more years Janeman, then u can just Relax and enjoy the Lovely view of Worlds tallest Tower while siting in ur balcony in india

 

[Secur]

Most probably he paid the Pak media in this one too.

and even the Arab Sheikhs ! Right , troller ?

P.S I told you the curse of trolling , the pink mark

@Aeronaut can we get the Incredible India stuff out of here ? They should go into the Indian economy section ...

 

[A.Rafay]

Location of Malik Riaz-Abu Dhabi Project, Bundle Island karachi!