Lahore: UAE shelves Rs102b tallest building project in City: Pervaiz

[LahoreEstate]

LAHORE - Senior Central Leader PML, MNA Ch Pervez Elahi has blamed the provincial government for showing lukewarm interest towards the foreign investors whereof they have run away from investing in the province.
Among the investors, he said, also include those who had agreed during his (PML) government to invest billions of dollars in the mega development projects of Punjab. These investors belonged to UAE, China and other countries, Pervez Elahi reminded in a statement Saturday.
He said, with the untiring efforts of his government in the Punjab, the foreign investors agreed to spend billions on various projects in the province which had to provide job opportunities to tens of thousands of people. He said due to lack of interest and attitude of the Punjab Government, Sheikh Mubarek Al-Nihyan Company has given up the project of constructing the tallest and the biggest commercial and residential complex in the City.
The complex by the name of Mubarik Centre, with the total cost of Rs 102billion had to cover 91 kanals of land whereon 60-storey building had to be erected housing a five-star hotel, a huge conference hall and a parking lot for more than 4,000 cars. He said Punjab Government was 35 per cent partner in the project and eminent designers and constructors were engaged in the project.
He said a peculiar feature of the project was that the 250 ft tall building had to show Darbar Sahib Amratsar from the top. But that project has been shelved, Pervez said adding, for the completion of any programme or project, sincerity of purpose is a pre-requisite, which was absent in the rulers.

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