{"id":2599,"date":"2021-03-01T15:44:26","date_gmt":"2021-03-01T10:44:26","guid":{"rendered":"https:\/\/bahriatown.com\/?p=2599"},"modified":"2022-10-04T13:26:10","modified_gmt":"2022-10-04T08:26:10","slug":"malik-riaz-seals-45b-deal-with-abu-dhabi-group-the-nation-rwp-isb","status":"publish","type":"post","link":"https:\/\/evpk.live\/btcom\/malik-riaz-seals-45b-deal-with-abu-dhabi-group-the-nation-rwp-isb\/","title":{"rendered":"Malik Riaz Seals $45B Deal with Abu Dhabi Group"},"content":{"rendered":"<section class=\"l-section wpb_row us_custom_c772df54 height_medium width_full color_alternate\"><div class=\"l-section-h i-cf\"><div class=\"g-cols vc_row via_flex valign_top type_default stacking_default\"><div class=\"vc_col-sm-12 wpb_column vc_column_container\"><div class=\"vc_column-inner\"><div class=\"wpb_wrapper\">[vc_custom_heading text=&#8221;Press Release&#8221; font_container=&#8221;tag:h2|text_align:center&#8221; use_theme_fonts=&#8221;yes&#8221; css=&#8221;%7B%22default%22%3A%7B%22font-size%22%3A%2245px%22%2C%22line-height%22%3A%2240px%22%7D%7D&#8221;]<\/div><\/div><\/div><\/div><\/div><\/section><section class=\"l-section wpb_row height_medium\"><div class=\"l-section-h i-cf\"><div class=\"g-cols vc_row via_flex valign_top type_default stacking_default\"><div class=\"vc_col-sm-6 wpb_column vc_column_container\"><div class=\"vc_column-inner\"><div class=\"wpb_wrapper\"><div class=\"w-image align_none\"><div class=\"w-image-h\"><img decoding=\"async\" width=\"800\" height=\"600\" src=\"https:\/\/evpk.live\/btcom\/wp-content\/uploads\/2021\/03\/malik-riaz-seals-45b-deal-with-abu-dhabi-group-1360964578-1124.jpg\" class=\"attachment-large size-large\" alt=\"$45B Deal\" loading=\"lazy\" srcset=\"https:\/\/evpk.live\/btcom\/wp-content\/uploads\/2021\/03\/malik-riaz-seals-45b-deal-with-abu-dhabi-group-1360964578-1124.jpg 800w, https:\/\/evpk.live\/btcom\/wp-content\/uploads\/2021\/03\/malik-riaz-seals-45b-deal-with-abu-dhabi-group-1360964578-1124-300x225.jpg 300w, https:\/\/evpk.live\/btcom\/wp-content\/uploads\/2021\/03\/malik-riaz-seals-45b-deal-with-abu-dhabi-group-1360964578-1124-350x263.jpg 350w\" sizes=\"auto, (max-width: 800px) 100vw, 800px\" \/><\/div><\/div><\/div><\/div><\/div><div class=\"vc_col-sm-6 wpb_column vc_column_container\"><div class=\"vc_column-inner\"><div class=\"wpb_wrapper\"><div class=\"w-sharing type_simple align_none color_default\"><div class=\"w-sharing-list\"><a class=\"w-sharing-item email\" href=\"mailto:?subject=Malik Riaz Seals $45B Deal with Abu Dhabi Group&amp;body=https:\/\/evpk.live\/btcom\/wp-json\/wp\/v2\/posts\/2599\" title=\"Email this\" aria-label=\"Email this\"><i class=\"fas fa-envelope\"><\/i><\/a><a class=\"w-sharing-item facebook\" href=\"https:\/\/www.facebook.com\/sharer\/sharer.php?u=https:\/\/evpk.live\/btcom\/wp-json\/wp\/v2\/posts\/2599&amp;quote=Malik Riaz Seals $45B Deal with Abu Dhabi Group\" title=\"Share this\" aria-label=\"Share this\" onclick=\"window.open(this.href, &quot;facebook&quot;, &quot;toolbar=0,width=900,height=500&quot;); 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return false;\"><i class=\"fab fa-whatsapp\"><\/i><\/a><\/div><\/div>[vc_custom_heading text=&#8221;MALIK RIAZ SEALS $45B DEAL WITH ABU DHABI GROUP<br \/>\nThe Nation (RWP\/ISB)&#8221; use_theme_fonts=&#8221;yes&#8221;]<div class=\"w-iconbox iconpos_left style_outlined color_primary align_left no_text\"><div class=\"w-iconbox-icon\" style=\"font-size:14px;\"><i class=\"fas fa-newspaper\"><\/i><\/div><div class=\"w-iconbox-meta\"><h4 class=\"w-iconbox-title\" style=\"font-size:1.2rem;\">Feb 16, 2013<\/h4><\/div><\/div><div class=\"wpb_text_column\"><div class=\"wpb_wrapper\"><p>ABU DHABI \u2013 Pakistani business magnet and former <a href=\"http:\/\/bahriatowntoday.com\/category\/news\/\"><strong>Bahria Town<\/strong><\/a> chairman Malik Riaz Hussain has signed an agreement\/$45B deal with Shaikh Nahyan bin Mubarak Al Nahyan; Abu Dhabi Group chairman, Union National Bank&amp; United Bank Limited.<\/p>\n<p>Under the agreement, a grand sum of $45B deal will be invested in Pakistan on various construction projects. It is the biggest and historical investment in Pakistan, said a statement.<\/p>\n<p>The Abu Dhabi Group has previously made huge and successful investments in Pakistan through the establishment of Bank Alfalah, Warid Telecom and Wateen Telecom.<\/p>\n<p>Of the total $45 billion investment, $10 billion will be invested in <strong><a href=\"https:\/\/bahriatown.com\/bahria-town-karachi\/\">Islamabad and Lahore<\/a><\/strong> (Punjab), whereas $35 billion will be invested in Sindh. Projects to be carried out with the foreign investment include construction of tallest building of the world (even taller than Burj Khalifa, Dubai) in Karachi. The project encompasses sports city, educational and medical city, international city and media city. The project also includes the construction of miniatures of the seven wonders of the world.<\/p>\n<p>The projects will employ more than 2.5 million people and will boost more than 55 industries, such as cement, bricks, iron, steel and glass. The projects are expected to represent all of the classes of society, including the middle and lower-middle classes. They will have equal representation.<\/p>\n<p>The agreement will have a revolutionary impact on not only Pakistan\u2019s economy but also the tourism sector and will be a milestone in reviving the lights of Karachi.<\/p>\n<p>Speaking on the occasion, Sheikh Nahyan said the Bahria Town not only represented modern Pakistan but was also a credible, respectful and authentic name in the real estate sector the world over. \u201cI am genuinely happy that in this historic project of Pakistan, we are working with 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 the next four years.<\/p>\n<p>Expressing his gratification over the agreement, Malik Riaz said \u201cit was a matter of great pride for me that Shaikh 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 because such a huge foreign investment has never been made here before.<\/p>\n<p>A distinguished feature of the project is the utilization of seawater to generate electricity. The project will have its 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 that would address the ongoing water and electricity issues. Works on this monumental project will soon be started.<\/p>\n<\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/section>\n","protected":false},"excerpt":{"rendered":"[vc_custom_heading text=\"Press Release\" font_container=\"tag:h2|text_align:center\" use_theme_fonts=\"yes\" css=\"%7B%22default%22%3A%7B%22font-size%22%3A%2245px%22%2C%22line-height%22%3A%2240px%22%7D%7D\"][vc_custom_heading text=\"MALIK RIAZ SEALS $45B DEAL WITH ABU DHABI GROUP The Nation (RWP\/ISB)\" use_theme_fonts=\"yes\"]Feb 16, 2013ABU DHABI \u2013 Pakistani business magnet and former Bahria Town chairman Malik Riaz Hussain has signed an agreement\/$45B deal with Shaikh Nahyan bin Mubarak Al Nahyan; Abu Dhabi Group chairman, Union National Bank&amp; United Bank...","protected":false},"author":3,"featured_media":2600,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[7],"tags":[93,50,35,33,36,51,27,25,39,24,29,26,28],"class_list":["post-2599","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-press-release","tag-45b-deal","tag-ali-riaz-f-i-r-ali-malik","tag-bahria-town-islamabad","tag-bahria-town-karachi","tag-bahria-town-nawabshah","tag-bahria-town-rawalpindi","tag-karachi-supreme-court","tag-london-uk-visa","tag-malik-riaz-hussain","tag-money-laundering","tag-planted-interview","tag-sindh-nationalism","tag-sindh-rejects-bahria-town"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.8 (Yoast SEO v27.3) - 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