Attracted about Rs 85 billion in investment so far, Rashakai Prioritized Special Economic Zone (RPSEZ) is going to become an international trade and industrial hub after the completion of its phase ahead of six months of the completion time under CPEC in Khyber Pakhtunkhwa (KP).
Chief Executive Officer (CEO) of Khyber Pakhtunkhwa Economic Zones Development & Management Company (KPEZDMC) Javed Iqbal Khattak said this while talking to APP on Saturday.
He said, “Being the first mega project of CPEC completed in KP, RPSEZ’s first phase inauguration has reflected the strong commitment and economic cooperation between the time-tested friends Pakistan and China.”
It demonstrated exceptional efforts and unwavering commitment to the KPEZDMC Government of KP and China Road and Bridge Corporation (CRBC).
“Encompassing 247 acres of modern facilities designed to attract domestic and foreign investors, Phase I of RPSEZ helps spur economic growth and job creation for a skilled workforce that would further strengthen Pakistan-China cooperation in diverse fields under CPEC,” he added
“RPSEZ’s Phase- I houses 18 zone enterprises, with seven under construction; mobilizing an estimated investment of Rs 85 billion that would become a catalyst for regional prosperity, economic and industrial development,” said Javed Iqbal Khattak.
“RPSEZ Phase-1 scheduled to be completed by December this year, was completed six months ago and was inaugurated by caretaker Chief Minister (CM) Azam Khan on Friday last,” he said.
“Located at the most strategic site on Islamabad-Peshawar Motorway in the Nowshera district with major international markets of Central Asia, Afghanistan, CARs, China, and SAARC in its proximity, RPSEZ is an emerging international business hub that would serve as a trade gateway for the promotion of industrialization and economic development of Pakistan.”
“The project will bolster industrialization, promote Small and Medium Enterprises (SMEs), construction, pharmaceutical, food, and marble industries in addition to increasing trade volume between Pakistan and the aforementioned countries.”—APP
