Safe City Island Karachi, Bahria Town MoU with US Group Thomas Kramer

Bahria Town, US group sign major investment deal

Bahria Town on Monday signed a $20 billion investment deal with Thomas Kramer.

Islamabad (Breaking News / Monday, March 11, 2013) – Pakistan’s largest 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.

Thomas Kramer - TK LogoBahria 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.

About Thomas Kramer?

Thomas Kramer born in April 27, 1957. He is a German born real estate developer and venture capitalist, and television personality. He is also noteworthy for his part in the redevelopment of South Beach, Miami, Florida. Thomas Kramer is also a well known high society figure and philanthropist, hosting charitable events at his Star Island (Miami Beach) mansion.