Pakistan might after all boast of the world’s tallest building in the coming years.
Real estate developers Bahria Town has signed a memorandum of understanding (MoU) for $15 to $20 billion with US investors Thomas Kramer, Pakistan’s The News reported on Monday.
As per the MoU, Bahria Town in collaboration with foreign companies associated with Thomas Kramer would construct the world’s tallest building and a number of other projects, almost 3.5km off the shore of Karachi.
A Bahria Town spokesperson said the project called ‘Bodha Island City’ would be developed within a period of five to 10 years, adding that the project would comprise a ‘Net City’, ‘Education City’, ‘Health City’, ‘Port City’ and other infrastructure development projects.
“The world’s most modern shopping mall would also be built on the Island City, which would deal with international brands,” he further added.
According to reports, the Island City would be linked with Karachi through a six-lane bridge.
The firm announced its plan earlier this year, claiming to have secured funding with an Abu Dhabi firm. However, the UAE company later said it had cancelled a MoU. More info