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Abraaj Capital, premier investment firm specializing in private equity investment in the Middle East, North Africa and South Asia (MENASA) region and ENSHAA Holdings Ltd, Pakistan-based limited company, has launched Karachi Financial Towers (KFT), set to be the tallest structure in Pakistan. The groundbreaking ceremony for the ambitious real estate project was held under the patronage of His Excellency President General Pervez Musharraf.
Mazhar-Ul-Haq, Chief Eexecutive Officer, ENSHAANLC Developments (Pvt) Ltd, said, “The groundbreaking ceremony at Karachi Financial Towers represents the beginning of a new era in the city’s thriving financial district. KFT will become the preferred address for global business in Pakistan, and will further invigorate the country’s booming national economy. This is a proud day for both ENSHAANLC and the people of Pakistan”.
Karachi Financial Towers, to be completed in 36 months, will include two identical 37-story towers connected by a three-floor glass skybridge. The twin towers real estate development will feature two floors of prime commercial space and the highest quality amenities, including a stunning indoor recreation facility at the skybridge level. The twin towers will include 1.4 million sq ft of built-up area, including five levels of podium parking capable of accommodating 1,850 motor vehicles.
