World’s tallest building to be built in Karachi

[Hammer-fist]

World’s tallest building to be built in Karachi


February 15, 2013 - Updated 1633 PKT
From Web Edition


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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 & United Bank Limited.

Under the agreement 45 billion dollars will be invested in Pakistan for various construction projects, which is the biggest and historical investment in Pakistan. Abu-Dhabi group has previously made huge and successful investments in Pakistan by the establishment of Bank Alfalah, Warid Telecom and Wateen Telecom.

Out of the total investment value 10 billion dollars will be invested in Federal Capital- Islamabad and Lahore (Punjab) whereas 35 Billion dollars will be invested in Sindh. These projects also include the construction of tallest building of the world (taller than Burj Khalifa, Dubai) in Karachi. Moreover, the project encompasses Sports city, Educational & Medical city, International city & Media city. The project also includes the construction of miniatures of Seven Wonders of the World.

These projects will employee 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 the 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 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 expressed that Bahria Town not only represents modern Pakistan but is also a credible, respected and authentic name in the real estate sector 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 Hussain, former chairman and existing consultant Bahria Town, expressed his pleasure and said that it is a matter of great pride for me that His Highness Sheikh Nahyan bin Mubarak Al Nahyan has selected us for making the dream come true for a modern and developed nation with this historical project. This is also a proud moment for Pakistan as such a huge foreign investment has never been made before.

A distinguished feature of this project is the utilization 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 addressing the current water & electricity issues of the country. Works on this monumental project will soon be starting.

World


THIS IS AN ABSOLUTELY MASSIVE DEAL!

@somebozo @Redbull @muse @SHAMK9

 

[A.Rafay]

If the deal actually goes on it will have a positive Impact on our Economy.

 

[Hammer-fist]

These projects will employee 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 the society and middle-class and lower-middle class will have equal representation.

2.5 million jobs.

That would be a huge number of people then factor in:

- Their dependents

- The money which they then spend on necessities and disposable income too.

Interesting project. Will it work in a divided city like Karachi with ethnic and political conflict?

 

[Argus Panoptes]

.......................

A distinguished feature of this project is the utilization of seawater to produce electricity. The projects will have their own grid station.

...................

Call me ignorant, but exactly how does this project utilize seawater to produce electricity?

 

[Sugarcane]

Thread already exists

 

[KRAIT]

"A distinguished feature of this project is the utilization of seawater to produce electricity. "

Also an important point.

 

[Argus Panoptes]

"A distinguished feature of this project is the utilization of seawater to produce electricity. "

Also an important point.

Is Waqar Injunyeer a consultant for this project?

 

[Sugarcane]

Call me ignorant, but exactly how does this project utilize seawater to produce electricity?

Probably windmills or from sea-waves

 

[muse]

I'm not into these prestige projects - that's just my take - If they can make money from it, great - I'm more impressed with industrial, tecnical and scientific research investments, I think that the return on investment there with the turn on investment in prestige projects even if sold as a jobs project, is incomparable.

But good luck - God knows we need another metal and glass tower and miniatures of the 7 wonders

 

[Argus Panoptes]

Probably windmills or from sea-waves

That could be true, but that is not seawater, but wind or wave energy.

 

[BATMAN]

Call me ignorant, but exactly how does this project utilize seawater to produce electricity?

Desalination process... in simple words....water will be boiled and steam will run turbines, later condensed water can be used for consumption.

It will not be cheap investment.

 

[Argus Panoptes]

Desalination process... in simple words....water will be boiled and steam will run turbines, later condensed water can be used for consumption.

It will not be cheap investment.

What you have described is using seawater to produce fresh water, not "electricity" as claimed above.

 

[Sugarcane]

That could be true, but that is not seawater, but wind or wave energy.

This is what media is reporting, however it's too early. Let the dust settle down and more details to emerge. However until we see something on ground, we must not conclude.

Anyway - Malik Riaz has gifted a palace in Lahore to Zardari, a business man like him don't give without any reason. I am sure he got something in return.

 

[Argus Panoptes]

This is what media is reporting, however it's too early. Let the dust settle down and more details to emerge. However until we see something on ground, we must not conclude.

Anyway - Malik Riaz has gifted a palace in Lahore to Zardari, a business man like him don't give without any reason. I am sure he got something in return.

Yes, this is only 2013. The building is planned for 2025. It is too early, you are correct.

 

[Redbull]

Never trust Arabs. Something will get in the way, one way or the other, and this won't happen, atleast for a long time.