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Old February 18th, 2013, 06:24 PM   #1
Topher51
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KARACHI | 800m+ | 2625ft+ | Pro

I just saw this link in one of my engineering newsletters:

http://tribune.com.pk/story/508144/r...n-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.
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Old February 18th, 2013, 08:04 PM   #2
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Proposed location:
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Old February 18th, 2013, 08:14 PM   #3
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Not to sound skeptical, but I don't think Karachi will be able to build this; not because there's not enough money, but Pakistan is not really the safest place to be with all those suicide bombings.
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Old February 18th, 2013, 08:53 PM   #4
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if they want to beat Kingdom Tower to it, they should start preparing the site now, or they will have to rise 200m taller to get the title
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Old February 18th, 2013, 09:06 PM   #5
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Quote:
Originally Posted by blacktrojan3921 View Post
Not to sound skeptical, but I don't think Karachi will be able to build this; not because there's not enough money, but Pakistan is not really the safest place to be with all those suicide bombings.
That is why I have my doubts as well, but all these investments will help develop the economy of Pakistan, which is positive.
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Old February 18th, 2013, 09:32 PM   #6
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Won't happen and Pakistan does not require such a tall building too. At most buildings in the range of 300+m/400+m should do for Pakistan.
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Old February 18th, 2013, 09:44 PM   #7
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same applies to Jeddah. it is not about their use, but more about prestige. if they want to build it and if the money is right it can be built anywhere
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Old February 18th, 2013, 09:46 PM   #8
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@intoxication yeah but if it gets build then...
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Old February 18th, 2013, 09:49 PM   #9
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@intoxication yeah but if it gets build then...
I personally don't think it will be built. But lets see.
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Old February 18th, 2013, 09:50 PM   #10
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Won't happen and Pakistan does not require such a tall building too. At most buildings in the range of 300+m/400+m should do for Pakistan.
I can't say much until now, but i wouldn't say "won't happen" from the beginning. let's see what the news will tell us in the next months
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Old February 18th, 2013, 09:52 PM   #11
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Heard in the news on TV that Sheikh Nahyan said "tallest tower idea is not finalized" and "construction starts next month".

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Old February 18th, 2013, 09:58 PM   #12
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Heard in the news on TV that Sheikh Nahyan said "tallest tower idea is not finalized" and "construction starts next month".

next month? maybe they meant Kingdom Tower
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Old February 18th, 2013, 10:01 PM   #13
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next month? maybe they meant Kingdom Tower
There was no mention of kingdom tower though. I think they were talking about reclaiming the island first.
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Old February 18th, 2013, 10:06 PM   #14
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next month? maybe they meant Kingdom Tower
I think he may have been referring to the other projects included within this $45b package which spans to other cities as well. But if PIA777 is correct about the proposed location, then its convenient to say that those islands were previously being worked upon by Emaar whom was developing another project but later pulled out in 2008 due to the economic crisis in Dubai.
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Old February 18th, 2013, 10:06 PM   #15
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There was no mention of kingdom tower though. I think they were talking about reclaiming the island first.
indeed, that's possible. a construction start of the tower is very unlikely
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Old February 18th, 2013, 10:14 PM   #16
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Quote:
Originally Posted by _BPS_ View Post
Heard in the news on TV that Sheikh Nahyan said "tallest tower idea is not finalized" and "construction starts next month".

If by "construction starts next month" they mean site work, maybe. If they are implying the foundations for a building that might be one of the tallest in the world are going to be started next month for a design that is not finalized, they are blowing smoke.

I personally thought the miniture Seven Wonders of the World was pretty awesome. That I might fly across the world to see.
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Old February 18th, 2013, 10:28 PM   #17
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If I see Bundle Island they have to do very much before any building can rise there. Sand reclamation to begin with.
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Old February 19th, 2013, 01:54 AM   #18
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Originally Posted by Eric Offereins View Post
That is why I have my doubts as well, but all these investments will help develop the economy of Pakistan, which is positive.
While investments would be good, they should also hire security for the site, no doubt this will be a target for Islamic terrorists in the region.
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Old February 19th, 2013, 01:58 AM   #19
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so it is proposed on an island, that has no roads, nor a bridge to main land yet? i have a little deja vu. is this island project similary ambitious as the one in Baku?
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Old February 19th, 2013, 02:18 AM   #20
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Quote:
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so it is proposed on an island, that has no roads, nor a bridge to main land yet? i have a little deja vu. is this island project similary ambitious as the one in Baku?
Khazar Islands is not in Baku, it is some 40 km away from the city
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