Dubai World plans projects in Pakistan

12 June 2006
Dubai World has announced plans to invest up to $30,000 million in projects in Pakistan.

The proposed schemes cover a range of industries, including infrastructure projects, industrial parks and real estate developments. DP World, part of Dubai World, will manage and build free zones, and is finalising an agreement with the Pakistani government to operate Port Qasim, some 50 kilometres from Karachi. Limitless, also part of Dubai World, will develop real estate, entertainment and commercial projects across the country. Projects include the $19,000 million Karachi Waterfront, which will be a 25,000-hectare collection of residential, commercial, recreational and entertainment facilities.

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