Karachi to have world’s tallest tower

Pakistan’s biggest city Karachi will house the world’s tallest tower overtaking Dubai’s Burj Khalifa. Construction tycoon Malik Riaz has signed a multibillion dollar deal with Abu Dhabi group for the project. It is likely to come up on an island some 4 km off Karachi. According to Riaz, the project will generate around 2.5 million jobs and promote investment opportunities for different industries. Riaz signed the $ 45 billion deal with the Abu Dhabi group which also runs the Al-Falah bank chain in Pakistan. According to the agreement, about $ 35 billion worth of investments will be made in Sindh while $ 10 billion will be invested in Islamabad and Lahore, media reports said. “We have selected the site for our mega project which will be spread over 16,000 acres of land and also house 125,000 houses,” Riaz told media persons. “Besides the world’s tallest building the project will include a media city, a sports city, an international complex, a medical and educational complex, restaurants, shopping centers, multiplex halls,” Riaz said. From Arab News