Could Karachi become the next Abu Dhabi?
That's what investors are envisioning with a $45 billion mega deal that will fund construction of several massive developments in the Pakistani city, including a mixed-use tower that they say will dwarf the 2,722-foot-tall Burj Khalifa.
The scheme, which is financially backed, in part, by Pakistani real estate billionaire Malik Riaz Hussain and Abu Dhabi Group, also includes construction of replicas of the Seven Wonders Of The World and four different cities: a sports city, international city, medical city, and education city.
(http://www.thenews.com.pk/article-88192-Worlds-tallest-building-to-be-built-in-Karachi-)
Related Stories
Sponsored | Products and Materials | Feb 2, 2015
What should you consider when reviewing paint warranties?
Warranties can appear to be the same, but as a starting point, you should find out what paint technology your warranty is based on—polyester, silicon-modified polyester or PVDF. Once you’ve established an “apples to apples” comparison with the technologies, you must consider the color palette and its impact on warranty longevity. Review this with your builder, manufacturer or paint company representative.
Healthcare Facilities | Feb 1, 2015
7 new factors shaping hospital emergency departments
A new generation of highly efficient emergency care facilities is upping the ante on patient care and convenience while helping to reposition hospital systems within their local markets.
Multifamily Housing | Jan 31, 2015
5 intriguing trends to track in the multifamily housing game
Demand for rental apartments and condos hasn’t been this strong in years, and our experts think the multifamily sector still has legs. But you have to know what developers, tenants, and buyers are looking for to have any hope of succeeding in this fast-changing market sector.
Multifamily Housing | Jan 31, 2015
20% down?!! Survey exposes how thin renters’ wallets are
A survey of more than 25,000 adults found the renters to be more burdened by debt than homeowners and severely short of emergency savings.
Multifamily Housing | Jan 31, 2015
Production builders are still shying away from rental housing
Toll Brothers, Lennar, and Trumark are among a small group of production builders to engage in construction for rental customers.
Energy Efficiency | Jan 28, 2015
An urban wind and solar energy system that may actually work
The system was designed to take advantage of a building's air flow and generate energy even if its in the middle of a city.
Multifamily Housing | Jan 27, 2015
Multifamily construction, focused on rentals, expected to slow in the coming years
New-home purchases, which recovered strongly in 2014, indicate that homeownership might finally be making a comeback.
Office Buildings | Jan 27, 2015
London plans to build Foggo Associates' 'can of ham' building
The much delayed high-rise development at London’s 60-70 St. Mary Axe resembles a can of ham, and the project's architects are embracing the playful sobriquet.
Multifamily Housing | Jan 22, 2015
Sales of apartment buildings hit record high in 2014
Investors bet big time on demand for rental properties over homeownership in 2014, when sales of apartment buildings hit a record $110.1 billion, or nearly 15% higher than the previous year.
Modular Building | Jan 21, 2015
Chinese company 3D prints six-story multifamily building
The building components were prefabricated piece by piece using a printer that is 7 meters tall, 10 meters wide, and 40 meters long.
