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Emaar, 12,000 acres in Karachi
- United Arab Emirates: Saturday, September 30 - 2006 at 12:45
Pakistan has allocated around 12,000 acres of land to Emaar for its $43bn development in Karachi on Bundal and Buddo Islands, reported the AFP. Although the Pakistani government has given the project a green light, a formal agreement has still yet to be signed with Emaar, but this is expected very soon. Karachi accounts for 95% of Pakistan's foreign trade.
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Jonathan Sheikh-Miller, Deputy EditorSaturday, September 30 - 2006 at 12:45 UAE local time (GMT+4)
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This article was updated on Wed Dec 13 2006.
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