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$45 billion development projects, Malik Riaz signs contract with Abu
Dhabi Group
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 & United Bank Limited.
These projects will employee 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 the society and middle-class and lower-middle class
will have equal representation.
The agreement will have a revolutionary impact on not only Pakistans economy but also 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 expressed that Bahria Town not only represents
modern Pakistan but is also a credible, respected and authentic name in the real estate sector 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 Hussain, former chairman and existing consultant Bahria Town, expressed his pleasure and said that it is a matter of great
pride for me that His Highness Sheikh Nahyan bin Mubarak Al Nahyan has selected us for making the dream come true for a modern
and developed nation with this historical project. This is also a proud moment for Pakistan as such a huge foreign investment has never
been made before.
A distinguished feature of this project is the utilization 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 addressing the current water & electricity issues of the country. Works on this monumental project
will soon be starting.
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