The agreement was signed by Adil Salahuddin, interim Chief Executive Officer, KPEDMC on behalf of the Government of Khyber Pakhtunhwa and Li Zhihuai, General Manager CRBC, Pakistan at Chief Minister KP Secretariat. The ceremony was attended by CM KP, Secretary P&D, Secretary Industries and Chairman KPBOIT. KPEZDMC along with China Road and Bridge Corporation- a Company state owned enterprise by the Government of the People's Republic of China plans to develop a 1000 acres of land as Special Economic Zone at Hattar.
Hattar Special Economic Zone will have industries like Pharmaceutical, Textile, Food and Beverages, steel and various engineering related industries. Investment of Rs 100 billion is expected by industrialists from Pakistan and abroad. The existing SEZ at Hattar has been fully booked and construction of few factories has already begun. Due to exceptional demand by investors at Hattar, the KP government has imposed section 4 on 1000 acres of land to develop the extension of SEZ.
At the ceremony KP CM Pervez Khattak said, "This is another milestone achieved by the Government of KP. This project will bring prosperity in KP by providing much needed job opportunities in the region. KP goveernment is working towards bringing about a conducive and enabling environment for investment in Khyber Pakhtunkhwa. In order to build upon its natural strengths, KP Economic Zones Development & Management Company is currently working on development of Special Economic Zones across the Province to promote industrial growth.