Bahria Town and a US investment group signed an memorandum of understanding (MoU) for $15 to 20 billion investment on Monday. Former Chairman of Bahria Town Malik Riaz and US investment group Thomas Kramer inked the MoU on behalf of their respective companies for the Bodha Island City project. Under the project Bahria Town in collaboration with the foreign companies associated with prominent US investor Thomas Kramer would construct the world’s tallest building and a number of other projects some 3.5-kilometres off the Karachi shore. Malik Riaz speaking on the occasion said that if he is given a chance he would make Pakistan into Dubai and Europe. He said that the project would help provide employment to the unemployed and this in turn would help eliminate terrorism. He said that we would continue to invest in Pakistan despite all odds and we are in talks with foreign investors. Malik Riaz said that he promises the nation that in next few years he would bring foreign investment worth more than Rs 50 billion and no one can stop that. He said that until children are given quality education Pakistan cannot excel. A spokesman for the Bahria Town said the project called Bodha Island City would be developed within a period of five to 10 years. He said the project would comprise, Net City, Education City, Health City, Port City and other infrastructure projects. He said the worlds’ most modern shopping mall would also be built on the Island City, which would deal with international brands. According to reports, the Island City would be linked with Karachi through a six-lane bridge.
Malik Riaz! Biggest chor in Pakistan
Malik Riaz is doing his best to grab two islands of Pakistan people given free by Zardari government in the name of development! Thats the catch behind this mega development plans! first Abu Dhabi group now Mr Kramer!
4 days left of this govt, hence the rush!
Another faked News. No one is going to invest that huge money in Pakistan. Its a political stunt by Thakaaydir Maliak Riaz to show all is well and he is a friend of Pakistan. Infact he is not even friend of himself. He is grabing nation's wealth and not even thinking that he need only 4 feet deep grave to get wealth of eternity :))))
Another fake news..like the one with Rulers of UAE. Did the Pakistan today check the fact before publishing this story. from wiki pedia:
He has inked a multi billion dollars contract with Malik Riaz Hussain, CEO of Bahria Town (Pakistan) for development of a mega housing project in Karachi. Malik Riaz recently announced the signing of a similar deal with the Abu Dhabi Group which was later refuted by the UAE group.
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