Malik Riaz and UAE group to invest $45 billion in Pakistan

UAE’s Abu Dhabi Group and Pakistani real estate tycoon Malik Riaz on Friday signed a deal to invest $45 billion in Pakistan including building the world’s tallest building in Karachi. Pakistan’s news channel Geo reported today that $35 billion (Dh165.15 billion) will be pumped in Sindh province while the rest will be invested in Lahore and Islamabad.

Under the deal, Sports City, International City, Media City, Educational and Medical City will be built in Pakistan’s financial capital Karachi. The news channel said that world’s Seven Wonders will also be built as part of the project. The deal is expected to generate over 2.5 million jobs in Pakistan.

Karachi, Pakistan