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Aprés Emaar qui investira dans un projet de $43 milliards près de Karachi dans les îles de Bundal et Buddo, le groupe immobilier Nakheel développera un Mega projet à Karachi de 68 milliards de dollars, nom de code Sugar Land City. C'est un peu plus que les exportations d'hydrocarbures de l'Algérie pour 2006
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A new waterfront project, Sugar Land City, involving an investment exceeding US$68 billion is currently being approved by the government of Pakistan. The master plan to develop Sugar Land City at Hawkesbay (on the outskirts of Karachi) has been finalised. The project will cover an area of 60,000 acres. An agreement is expected to be signed with Nakheel Group next month.
A visit to Pakistan by the UAE vice-president and prime minister (and ruler of Dubai), Shaikh Mohammed bin Rashid Al Makhtoum, resulted in the signing of two separate MoUs to develop two island cities close to the coast of Karachi. The two cities will be developed in phases over the next 10 years.
In 2006, real estate firm Emaar started work in Islamabad and Karachi, when it launched a US$2.4 billion housing project. The project was sold out shortly after its initial offering.
Islamabad has two Emaar projects, Highlands and Canyon Views, spread over 1,500 acres, and comprising 9,000 single-family town homes. Karachi will have another project, Crescent Bay - a 75-acre development featuring high, mid-rise towers for residential and commercial use, a shopping centre and five-star beachfront hotel. The towers will have nearly 4,000 residential apartments.
By Haseeb Haidar
23 February 2007. Khaleej Times
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A new waterfront project, Sugar Land City, involving an investment exceeding US$68 billion is currently being approved by the government of Pakistan. The master plan to develop Sugar Land City at Hawkesbay (on the outskirts of Karachi) has been finalised. The project will cover an area of 60,000 acres. An agreement is expected to be signed with Nakheel Group next month.
A visit to Pakistan by the UAE vice-president and prime minister (and ruler of Dubai), Shaikh Mohammed bin Rashid Al Makhtoum, resulted in the signing of two separate MoUs to develop two island cities close to the coast of Karachi. The two cities will be developed in phases over the next 10 years.
In 2006, real estate firm Emaar started work in Islamabad and Karachi, when it launched a US$2.4 billion housing project. The project was sold out shortly after its initial offering.
Islamabad has two Emaar projects, Highlands and Canyon Views, spread over 1,500 acres, and comprising 9,000 single-family town homes. Karachi will have another project, Crescent Bay - a 75-acre development featuring high, mid-rise towers for residential and commercial use, a shopping centre and five-star beachfront hotel. The towers will have nearly 4,000 residential apartments.
By Haseeb Haidar
23 February 2007. Khaleej Times