Thursday, 14 March 2013

Foreign Direct Investment (FDI) in Real Estate in Pakistan


An agreement of US $ 20 billion has been signed between Bahria Town, Pakistan and Thomas Kramer, USA for the development of "BUNDAL & BUDDO" Island City; Karachi.

Bahria Town (Real Estate Tycoon, Pakistan) is the largest real-estate developers and Investors in Pakistan and the largest private housing society in Asia. It has establishments in Lahore, Rawalpindi, Islamabad, Murree and Karachi. http://en.wikipedia.org/wiki/Bahria_Town; http://www.bahriatown.com/
 
Thomas Kramer (US Tycoon & Developer of Miami Beach) is a renowned in the   world of investment & real estate development and on his credit are many global projects like Miami Beach USA and development projects in Germany. He is a specialist for building sky scrapers & splendid developments, particularly in coastal areas. www.thomaskramer.com



In addition to above a consortium of renowned international investors from Middle East and other countries will soon announce to be a part of US $ 45 billion projects, this agreement being the first step:

  • ·       “World’s Tallest Building in Karachi”  

  • ·       “World’s Biggest Shopping Mall in Karachi”

Following millage will be covered by virtue of the above investments:
1.       2.5 million job opportunities
2.       Revival of 55 national industries including cement, bricks, iron & glass
3.       More than 1 million Pakistanis will be housed in 125,000 houses
4.       Stabilizing the economy of Pakistan that will bring prosperity and a new identity
 
14th March, 2013
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2 comments:

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