Chief Executive Officer (CEO) of Khyber Pakhtunkhwa Economic Zones Development & Management Company (KP-EZDMC), Javed Iqbal Khattak has said that 98% of work on infrastructure development in Rashakai prioritized Special Economic Zone (pSEZ) has been completed and will become operational in March 2023.
Talking to APP here on Sunday, he said that spread over an area of 1000 acres, pSEZ is a flagship project of the KP government under the industrial cooperation of China Pakistan Economic Corridor (CPEC) framework that serves as CPEC Special Economic Zone.
It is one of the four prioritized SEZs that would be the first SEZ to become operational next month.
He said that power transmission and transformation were crucial parts of the project, which are near completion. He said that a special focus of this project is to set up export-oriented industrial units in it.
Besides the investment of US $ 400 million, they are also expecting the generation of 250,000 to 300,000 direct and indirect employment, he said, adding that 80% of the labour force in the zone would be local, particularly natives of the area.
Regarding investment in the project, the CEO KP-EZDMC said that so far 18 Pakistani and Chinese companies have agreed on making joint ventures in it.—APP
