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Limitless leads 25,000 Ha. Karachi Waterfront development

DUBAI, 5 June 2006... Dubai World has revealed that Limitless, its integrated international real estate developer, will spearhead the newly announced Karachi Waterfront development. The announcement was made during a ceremony in Islamabad, attended by H.H Sheikh Mohammed bin Rashid Al Maktoum, UAE Vice President, Prime Minister and Ruler of Dubai and Shaukat Aziz, Prime Minister of Pakistan. The MoU to this effect was signed by Pakistani Minister of State for Privatisation and Investment, Umar Ahmed Ghuman and Dubai World Chairman Sultan bin Sulayem.

Revealing the details of the project, Chairman Sultan bin Sulayem said, “We are delighted to lead the development of the Karachi Waterfront project. This is a major project, involving phased development of the 25,000 ha. site, west of Karachi. It will be a new Karachi. Limitless’ focus on creating balanced developments for large urban communities will, we believe, ensure that the development meets the economic and social needs of the government and the people of Pakistan.”

The CEO of Limitless, Saeed Ahmed Saeed added, “At this stage, the exact elements of the master-plan are being finalized considering the overall needs of the people and the best approach to develop a self-sustaining community.”

Phase 1 of the project will involve an investment of USD 20 bn. over the next ten years for developing more than 2000 ha. of prime water-front property. Subsequent phases of the project are expected to involve much larger investments. Karachi Waterfront will evolve as Limitless prepares the master plan in line with local and Government needs. It will contain a defined and carefully weighted balance of residential, commercial, recreational and entertainment facilities. The new city will also be home to Special Economic Zones, creating a hub for trading, manufacturing and services industry. All components of the development will be supported by a world-class infrastructure and amenities.

The project is part of the Government of Pakistan’s initiative to relieve pressure on the existing city and attract investment and visitors to Pakistan.

Karachi Waterfront is the first international project to be announced by Limitless since the company was officially launched in April, 2006. Company sources reveal that several other projects are in the pipeline, in Dubai and elsewhere, and will be announced shortly.

“The business of creating balanced developments is a challenging one. It is a relatively new science, which requires a great deal of research, flexibility and a multi-disciplinary approach to ensure that the balance sought is not only achievable but sustainable. In the coming months we hope to be able to reveal more details on other projects – but only when we are confident that we have found the best solution to address the needs of each community,” Saeed added.



Source: Limitless
 

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Discussion Starter · #2 · (Edited)
Karachi Waterfront, Pakistan





Project Description

  • The project is a joint initiative of Limitless and the Government of Pakistan to create a new, balanced waterfront development - Karachi Waterfront, on a 25,000 ha. site west of the existing city of Karachi
  • The “new city” would contain a defined and carefully weighted balance of residential, commercial, recreational and entertainment facilities in state of the art, master-planned communities
  • The development would also be home to Special Economic Zones creating a hub for trading, manufacturing and services industry supported by world-class infrastructure and amenities
  • Phase 1 of the project will involve an investment of USD 20 bn. over the next ten years for developing more than 2000 ha. of prime water-front property. Subsequent phases of the project are expected to involve much larger investments
Scope of Work

  • Masterplanning
  • Design and development
  • End-to-end project management and delivery ranging from feasibility analysis to services



Source: Limitless
 

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Penang Skyscrapers Hunter
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HUGE project!!

i like the way the boulavards converge at the centre of the waterfront.

BTW, are there 2 proposals of 500+m buildings in Karachi?? i remember seeing another one in the forum. or is it the same plan?
 

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Penang Skyscrapers Hunter
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Excessively Rational
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Holy crap! this is amazing! :)
 

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this water front plan looks fabulous ...this is the most amazing development in Pak i can ever think of...
I agree 100%. When this development is completed, it will definitely open the world's eye to Karachi. :banana:

It's time to show the world what Karachi is made out of :banana:

:cheers:
 

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Bark twice if in Milwauke
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this looks like a great project
 

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Penang Skyscrapers Hunter
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wow!! didn't know the area is so large!! :eek:
 
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