2.5 million will get jobs in Pakistan as Bahria Town and Abu Dhabi Group have inked a deal under which $45 billion will be invested in pakistan. Former chairman and present consultant of Bahria Town, Malik Riaz Hussain has signed an agreement with Sheikh Nahyan bin Mubarak al Nahyan, Chairman Abu Dhabi Group, Union National Bank and United Bank Limited.
Accodirng to reports this is the biggest foreign investment in Pakistan and investment will be made in different construction projects. $35 billion will be invested in Sindh and $10 billion dollar in Islamabad.
In these projects world’s tallest building will also be built in Pakistan’s port city, Karachi. These big projects will boost more than 55 industries like iron, steel, cement, bricks and glass. In the past Abu Dhabi Group has made some huge investments in Pakistan which are Bank Alfalah, Warid Telecom and Wateen Telecom.
According to experts if this big investment is made than it will surely boost the economy of Pakistan and will take Pakistan to a new high. However there are some serious reservations that whether these projects will actually be made or it will only remain in papers.