Malik Riaz signed an agreement with His Highness Sheikh Nahyan
to construct world’s tallest building in Karachi .
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 Pakistan .
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 Bahria
Town . 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.
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 Pakistan .
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 Bahria
Town as its CEO.
Malik Riaz has started and completed many projects ancillary
to Bahria Town
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 Pakistan
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.
related link
related link