Chinese Ambassador briefed on the progress of Rashakai Economic Zone under CPEC

The Ambassador of China to Pakistan, Yao Jing, on his visit to the KP province, made a visit to the priority Special Economic Zone (SEZ) of the China-Pakistan Economic Corridor (CPEC), the Rashakai Special Economic Zone (RSEZ).

The Ambassador appreciated the location of the project and stressed its potential to boost industrial growth.

He was briefed on the progress of RSEZ by officials of the Khyber Pakhtunkhwa Economic Zone Development and Management Company (KPEZDMC) and China Road and Bridge Corporation (CRBC), who have established a joint venture to develop the SEZ.

Chinese Ambassador briefed on the progress of Rashakai Economic Zone
Chinese Ambassador briefed on the progress of Rashakai Economic Zone

PESHAWAR: Chinese Ambassador to Pakistan, Yao Jing, visited Rashakai Special Economic Zone on Wednesday.

A statement issued here said that Ambassador Yao Jing visited on-site facilitation center of Rashakai SEZ. He was accompanied by officials of the Economic Zones Development and Management Company (EZDMC) and China Road and Bridge Corporation (CRBC). He was given a briefing on the location plan, field studies and approach road of the zone.

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Mr. Yao appreciated the location and stressed the importance of RSEZ in China-Pakistan Economic Corridor.

Earlier, a joint venture agreement between the EZDMC and CRBC to develop 1,000 acres Rashakai SEZ was signed by the company’s CEO Saeed Ahmed and senior management of CRBC in Beijing on Nov 2018.

It said that the SEZ would be a modern economic zone offering excellent infrastructure and amenities to the industrialists.

According to the agreement, CRBC will be responsible for marketing the zone locally and internationally.

As part of its marketing efforts, it is in advance stages of inviting local investors and Chinese large-scale manufacturers to invest in the zone.

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