Bahria Town, US group sign major investment deal

ISLAMABAD (Dunya News) – Real estate developers and investors Bahria Town and a US investment group signed a memorandum of understanding (MoU) over a number of projects including development of safe city island and construction of world’s tallest building in Karachi.

Bahria Town in collaboration with the foreign companies would construct the world’s tallest building and Bodha Islanad City some 3.5-kilometres off the Karachi shore.

Bodha City Island, which covers 12,000 acres of land, will be developed within five years and it would be linked with Karachi through a six-lane bridge.

A spokesman for Bahria Town said that project would create 2.5 million jobs, whereas, the island will have 125,000 houses.Source: