With an estimated cost of $800-900 million for the first stage, the new city to be built by Emaar Al Bilad Pakistan Ltd, a joint venture between Dhabi Group and Emaar, outside Lahore would be bigger than the size of Abu Dhabi.
Shaikh Nahyan bin Mubarak Al Nahyan, chairman of Dhabi Group, has recently signed an MoU on behalf of his business associates including Emaar Al Bilad Pakistani Ltd, to start the spadework on one of the largest housing schemes in Asia.
