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Fate of Karachi Waterfront project.


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Karachi waterfront Project was thought to change the face of karachi city scape . It was a bright new chapter in karachi’s history .. This Mega project of Pakistan included Special Economic Zones which would have created a hub for trading, manufacturing and services industry supported by world-class infrastructure and amenities.Unfortuantly, global developer Limitless, has dropped the plan to go ahead with this multi billion dollar project that was unveiled in Jun 2006. .Sources say there was a strong hidden opposition from political parties as well as from NGOs. NGOs were of the view that this project will damage the costal life Looking at the current world economic situation Limitless spokesman said

“As a global developer, we explore many potential opportunities, some of which will fit our global strategy and some of which will not. Karachi Waterfront never progressed beyond memorandum of understanding stage, and did not fit our global strategy,”.

Now limitless is considering its place in $ 12bn mixed use project in india.

This is how the project was percived

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Popularity: 20% [?]

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This entry was posted on October 3, 2009, 7:27 am and is filed under Architecture & Design, Featured, Pakistan. You can follow any responses to this entry through RSS 2.0. You can leave a response, or trackback from your own site.

  • Gawadar lol chinese are no more developing Dha reson : they offerd 5% as a jaga tax but zardari wanted 25% so they said piss off we are going . lol Local dictator was much better than this one . atleast the projects and SUHANAY khuwab were being proposed ... But the point is Pakistan has the capabilty of attracting investors . and soon as situatuon gets good all the investors will come back IA
  • osama
    jo bhi hai yar we all know kay if we have a well developed port ,without doubt it will be a strong trade hub! take gawadar for instance , its no where near completion! kabhi chinese agwa ho jatay hain kabhi kuch ho jata hai! no one wants us to develop , not only the local dictators but also the foreign powers!
  • KAMRAN
    it was sure an urban design and was to change the idea of sustainable architecture in pakistan and the designer kept the transportation problem in mind
  • IBA
    nice blog ... i think its the non interest and the vested interests of politicians .. leading zardari ... and pressure groups that we still dont have any of these projects approved
  • sure...best blog ever
  • Dont worry there is a lot going on in pakistan and a lot is already there just need little publicity . just keep on checking www.cyberdera.com for new stashhhh !!!
  • everything good in Pakistan has to be stopped for one reason or the other...im not sure if we'll ever get out of this "3rd world country" shit...this just looks so amazing...you get a smile but all in vain...
  • it is quoted
    "Sources say there was a strong hidden opposition from political parties as well as from NGOs".

    MQM was in power when this project was proposed and is in power when this project is being closed. LARAY LAGAE HEIN MQM nay
  • GAMBLER X
    MQM ZINDABAD
  • Heraa
    This is soooo awesome.
    Alas, these stupid gold digger politicians are doing nothing but sucking up everything that is left in Pakistan :(
  • Faizan Hameed
    if dis thing was in da making tu it wud've been made Pakistan known in da world for developing projects not for poverty and terrorism
    and yew i agree wid bilal on dat one
    dat all ov dese projects were proposed during Musharaf's time and this Government ruined it all =[
  • well have u noticed this that all the great projects for pakistan were proposed during Musharaf period ..:S:S:S . If they get executed properly i thinkk Pakistan will manage to get out of 3rd world label ..
  • coool
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