aks
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yeah i agree with u according to Mian mansha his business's worth is more then 10 billion dollars
First Pakistani To Get In Billionaires List - Fobes
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yeah i agree with u according to Mian mansha his business's worth is more then 10 billion dollars
aks
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Bahria Town claims to have US$ 35 billion projects in the pipeline!
Fri, 25 Mar 2005 20:15:27 -0800
Yes, and the news is very encouraging:
"
Pakistan property tycoon wants our (Malysian) skilled workers
By MALCOLM ROSARIO, BUSINESS TIMES, March 26 2005
PAKISTAN property tycoon Malik Riaz Hussain is exploring the possibility of bringing in skilled workers from Malaysia to meet the manpower needs of Pakistan's construction industry.
Pakistans building and construction industry requires a lot of expertise in the area of building and construction, and I myself want to try and get a hold of some of this expertise from Malaysia, Malik told Business Times.
He did not elaborate on what kind of expertise he was looking for but Malaysian consultancy firm TAK Management Consultants Sdn Bhd said Malik has asked the company to source between 100 and 200 senior executives to work for his group.
TAK said there are other construction companies in Pakistan with similar requirements, and they are willing to pay a premium for the expertise.
TAK, the master planner of Putrajaya, has been working with Malik for some time, and their relationship has flourished. The company has now been asked to source for suitable contractors to partner with Maliks Bahria Group, Pakistans largest property developer.
Bahria has so far awarded billions of dollars worth of construction jobs to Malaysian companies such as Ranhill Bhd and IJM Corp Bhd.
There are several billion dollars worth of projects in the pipeline and, as such, I will try and seek an audience with Prime Minister Datuk Seri Abdullah Ahmad Badawi to explore how Malaysian construction firms can play a more active role in the development of Pakistan, Malik said.
He said he intends to continue working with Malaysian companies but at the same time tap Malaysias human resource expertise for the Bahria group and those like it.
Malik declined to provide details on the number of skilled workers that is needed in Pakistan or in what specific sector they would be employed in.
Apart from manpower, Malik is also looking into the possibility of importing the bulk of his building materials from Malaysia.
The Bahria group, which is the single largest property developer in Pakistan, has US$35 billion (US$1 = RM3.80) worth of projects in the pipeline, and some of the building materials could come from Malaysia."
Fri, 25 Mar 2005 20:15:27 -0800
Yes, and the news is very encouraging:
"
Pakistan property tycoon wants our (Malysian) skilled workers
By MALCOLM ROSARIO, BUSINESS TIMES, March 26 2005
PAKISTAN property tycoon Malik Riaz Hussain is exploring the possibility of bringing in skilled workers from Malaysia to meet the manpower needs of Pakistan's construction industry.
Pakistans building and construction industry requires a lot of expertise in the area of building and construction, and I myself want to try and get a hold of some of this expertise from Malaysia, Malik told Business Times.
He did not elaborate on what kind of expertise he was looking for but Malaysian consultancy firm TAK Management Consultants Sdn Bhd said Malik has asked the company to source between 100 and 200 senior executives to work for his group.
TAK said there are other construction companies in Pakistan with similar requirements, and they are willing to pay a premium for the expertise.
TAK, the master planner of Putrajaya, has been working with Malik for some time, and their relationship has flourished. The company has now been asked to source for suitable contractors to partner with Maliks Bahria Group, Pakistans largest property developer.
Bahria has so far awarded billions of dollars worth of construction jobs to Malaysian companies such as Ranhill Bhd and IJM Corp Bhd.
There are several billion dollars worth of projects in the pipeline and, as such, I will try and seek an audience with Prime Minister Datuk Seri Abdullah Ahmad Badawi to explore how Malaysian construction firms can play a more active role in the development of Pakistan, Malik said.
He said he intends to continue working with Malaysian companies but at the same time tap Malaysias human resource expertise for the Bahria group and those like it.
Malik declined to provide details on the number of skilled workers that is needed in Pakistan or in what specific sector they would be employed in.
Apart from manpower, Malik is also looking into the possibility of importing the bulk of his building materials from Malaysia.
The Bahria group, which is the single largest property developer in Pakistan, has US$35 billion (US$1 = RM3.80) worth of projects in the pipeline, and some of the building materials could come from Malaysia."
mjnaushad
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Count US billioniaire. They had many. But what happend to their economy. those same billionair become cause of economy crash leading many people to leave their own houses and handing them over to banks.
And as i said before its not Indian v pakistan so stop your BS off topic troll idiot posts.
aks
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Maxcorp-led group to develop RM3.2b Pakistan golf city
By ZURINNA RAJA ADAM
March 25 2005
LOCAL group Maxcorp Development Sdn Bhd is leading a consortium of Malaysian companies to design, build and manage the RM3.2 billion Bahria Golf City at Muree Expressway in Islamabad, Pakistan.
Besides Maxcorp, the Malaysian consortium comprises Ranhill Bersekutu Sdn Bhd, a wholly-owned subsidiary of Ranhill Bhd, which will offer its expertise in total engineering solutions, and Akitek Jururancang Malaysia (master planning and design).
Pakistan-based Bahria Town (Pvt) Ltd is the developer of the project while Pakistan-based Mansoor Mazhar and Associates is the architect.
The Malaysian consortium and Bahria Town (Pvt) Ltd signed an agreement on the project in Kuala Lumpur yesterday
The two-year project involves the development of 323.7ha at Murree Expressway. A total of 1,700 bungalows, a hotel, apartments, schools, a hospital, a commercial centre and an 18-hole golf course with a clubhouse will be built there.
Backed by strong house purchasing power in Pakistan, project returns are expected to be between US$10 billion and US$12 billion (US1 = RM3.80).
The project is also said to be the largest private sector initiative in real estate in Pakistan.
Maxcorps chief executive officer Anuar Adam, however, remained tight-lipped when asked on the source of funding for the massive project.
Ranhill Bersekutu and Akitek Jururancang will be paid RM50 million each in professional fees.
The funding is being worked out. It is not a small amount. A lot of legal expertise and framework are being worked out between the Pakistan Government and Maxcorp, he said after the signing.
Anuar said Maxcorp has no plans to float its shares on Bursa Malaysia Bhd for project funding, as it will be self-financed.
Maxcorp has been involved in projects in Pakistan since 1999 and has successfully completed the Royal Palm Golf Course in Lahore. Its current projects include DA Country and Golf Club in Karachi, Jacaranda Club for Defence Housing in Islamabad and Mangla View Resort.
The total investment value for the three projects is RM1 billion.
Meanwhile, Bahria Town chairman Malik Riaz Hussain is inviting more Malaysian companies to undertake development projects in Pakistan.
Bahria Town, which is said to be the single largest developer in Pakistan, has four other projects in the pipeline. They are Bahria Lake City in Lahore; Bahria Margalla City, Bahria University and Bahria Twin Towers in Islamabad. The total project value is about US$35 billion.
Based on our track record and the severe shortage of houses in Pakistan, we are convinced that Bahria Golf City will be a success, Malik said.
In his last property launch, Malik collected US$800 million in the first five hours of the launch, and expects the same for its subsequent development projects.
There is demand for about 700,000 houses a year, but the Government and private sector can only manage to churn out about 300,000. This is why I am so confident, Malik said.
By ZURINNA RAJA ADAM
March 25 2005
LOCAL group Maxcorp Development Sdn Bhd is leading a consortium of Malaysian companies to design, build and manage the RM3.2 billion Bahria Golf City at Muree Expressway in Islamabad, Pakistan.
Besides Maxcorp, the Malaysian consortium comprises Ranhill Bersekutu Sdn Bhd, a wholly-owned subsidiary of Ranhill Bhd, which will offer its expertise in total engineering solutions, and Akitek Jururancang Malaysia (master planning and design).
Pakistan-based Bahria Town (Pvt) Ltd is the developer of the project while Pakistan-based Mansoor Mazhar and Associates is the architect.
The Malaysian consortium and Bahria Town (Pvt) Ltd signed an agreement on the project in Kuala Lumpur yesterday
The two-year project involves the development of 323.7ha at Murree Expressway. A total of 1,700 bungalows, a hotel, apartments, schools, a hospital, a commercial centre and an 18-hole golf course with a clubhouse will be built there.
Backed by strong house purchasing power in Pakistan, project returns are expected to be between US$10 billion and US$12 billion (US1 = RM3.80).
The project is also said to be the largest private sector initiative in real estate in Pakistan.
Maxcorps chief executive officer Anuar Adam, however, remained tight-lipped when asked on the source of funding for the massive project.
Ranhill Bersekutu and Akitek Jururancang will be paid RM50 million each in professional fees.
The funding is being worked out. It is not a small amount. A lot of legal expertise and framework are being worked out between the Pakistan Government and Maxcorp, he said after the signing.
Anuar said Maxcorp has no plans to float its shares on Bursa Malaysia Bhd for project funding, as it will be self-financed.
Maxcorp has been involved in projects in Pakistan since 1999 and has successfully completed the Royal Palm Golf Course in Lahore. Its current projects include DA Country and Golf Club in Karachi, Jacaranda Club for Defence Housing in Islamabad and Mangla View Resort.
The total investment value for the three projects is RM1 billion.
Meanwhile, Bahria Town chairman Malik Riaz Hussain is inviting more Malaysian companies to undertake development projects in Pakistan.
Bahria Town, which is said to be the single largest developer in Pakistan, has four other projects in the pipeline. They are Bahria Lake City in Lahore; Bahria Margalla City, Bahria University and Bahria Twin Towers in Islamabad. The total project value is about US$35 billion.
Based on our track record and the severe shortage of houses in Pakistan, we are convinced that Bahria Golf City will be a success, Malik said.
In his last property launch, Malik collected US$800 million in the first five hours of the launch, and expects the same for its subsequent development projects.
There is demand for about 700,000 houses a year, but the Government and private sector can only manage to churn out about 300,000. This is why I am so confident, Malik said.
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