February 17, 2013
Just as we were getting used to the idea of the Kingdom Tower in Jeddah relieving the Burj Khalifa of its short-lived crown as the World’s tallest building, news emerges that Abu Dhabi Group is planning to top them both as part of an investment of some $45 billion in several Pakistani cities. The proposed projects include ghastly sounding replicas of the Seven Wonders of the World along with a huge tower in the city of Karachi. Whether all of the mooted projects see the light of day is one to debate given the parlous state of the World’s finances. As part of the plans for the huge investment, around $10bn of the will be ploughed into Islamabad and Lahore with the remaining $35bn to be allocated to Sindh, creating as many as 2.5 million jobs. The approach is clearly based on the Dubai model of building a dream with plans for a sports city, educational city, media city, medical city and international city.
Speaking at the launch of the project, Sheikh Al Nahyan, Chairman of Abu Dhabi Group said: “I am genuinely happy that in this historic project of Pakistan we are working with the visionary [property developer] Malik Riaz Hussain. This guarantees that not only the project will be delivered beyond our expectations but also before time.’