Malik Riaz signed an agreement with His Highness Sheikh Nahyan to construct world’s tallest building in
The project will be worth 45 billion us dollars. Of the total 45 billion US
dollars 10 billion US dollars will be invested in Lahore
and Islamabad and other 35 billion US
dollars will be invested in Sind. In addition to the
tallest building sports club, educational and media city will also be
constructed. The project also includes construction of miniature of Seven
Wonders of the World. Construction project will boost 55industries
including cement industry, bricks industry, electrical industry, iron and steel
industry and glass industry. The project also encompasses generation of
electricity from sea water. According to the statement the project will provide
employment to 2.5 million people.
Nahyan is Chairman Abu Dhabi group, which is largest foreign investing group in
The group has its investment tin many sectors of the economy. Bank Al Falah, Warid
and Wateen Telecom companies etc are some big names that are owned by the Abu
Dhabi group. Sheikh Nahyan is also recipient of
Pakistani highest civilian award hallal e Pakistan.
Malik Riaz is a Pakistani tycoon who is the founder of
. Malik Riaz has completed this
project as an example for the country’s real estate developers. As much as
100000 families are dependent on bahria town for their livelihood. He belonged
to a business family. At a young age the Business of his family was collapsed
and he was forced to start his practical life as a clerk in Military
Engineering Service. Then he started his entrepreneurial career as a small government contractor and achieved unprecedented success as a businessman. Bahria
Malik riaz is famous for his remarkable quality of maintaining good relations with many important political personalities even when they are at daggers drawn with each other. He also enjoys cordial relationship with many in military and civilian establishment of
Malik Riaz is a great philanthropist as well. He helped flood affectees and provided ransom for the freedom of Pakistani hostages from Somali pirates.
According to the Newsweek the net worth of the tycoon is around 6 billion us dollars. These days his son takes care of the
as its CEO. Bahria
Malik Riaz has started and completed many projects ancillary to
in collaboration with many international and foreign contractors in order to
provide world class residential facilities to the residents of Bahria Town . Malik riaz has brought Thomas
Kramer as well as Sultan Nahyaan to invest in Bahria
along with him.
Thomas Kramer is leading global networker and an entrepreneur, who has to his credit major construction projects around the world, including
Miami Beach, in USA.
He has a net worth of 90 million us dollars. He is working on many large scale projects
including a mixed use tower in Germany,
mega development project in Brazil
including a five star hotel etc.