Staff Reporter Islamabad
Rashakai Special Economic Zone (RSEZ), a flagship project of CPEC has attracted thousands of investors; however, in the first phase, preference will be given to ‘labour-intensive industries’ and companies that could positively balance Pakistan’s trade.
This was stated by Abdul Karim Tordher, Special Assistant to Chief Minister KP on Industries while talking to Gwadar Pro.
Tordher said that an area of 700 acres would be developed in the first phase at RSEZ.
“Against the available 700 acres of plots, we have received 0ver 2000 applications from local investors,” he said and added that all investors are from private sectors.
According to him, out of 700 acres of land, Century Steel of China has acquired 40 acres of land and began working while many other foreign investors have shown interest to invest in RSEZ.
“Initially, preference would be given to labor-intensive industries like garments and textile as well as other industries that can positively balance Pakistan’s trade (increase exports), use indigenous raw materials, have import substitutions and can bring robotic and hybrid technologies to the country,” Mr. Tordher said and he added other general industries would be entertained in the next phase.