In a major step towards the development of the Rashakai Special Economic Zone, the government approved applications of nine investors for a total of 25 acres of land in the flagship industrial estate of China-Pakistan Economic Corridor (CPEC).
According to Gwadar Pro, the applications were approved during second meeting of the Rashakai SEZ Committee held here this week the KP Board of Investment and Trade (KPBOIT) revealed in a tweet. KPBOIT is responsible for promoting industrialisation and trade potential in the KP province. According to Arbab Haroon, spokesperson for KP Economic Zones Development and Management Company (KPEZDMC), the following firms have been awarded land in the Rashakai SEZ. GEO Crete Absolute Construction Co. has been awarded 2 acres of land. The company will manufacture a chemical to stabilise land for construction of roads, buildings and other structures. One acre land has been awarded to Gul Steel, while 10 acres have been allotted to Wah Nobel, a chemical manufacturer.