On March 11, 2013 Pakistan Business tycoon Malik Riaz signed an agreement with an American investor Thomas Kramer to build Bodha Island City in Bundal Island which is located along the cost of Karachi.
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Bahria Town signed a joint venture with the companies of Thomas Kramer to develop Bodha Island City on Bundal and Buddo Islands with a cost of $20 Billion.
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