Chinese Ambassador in Pakistan Yao Jing visited on site facilitation centre of Rashakai Special Economic Zone (SEZ) in Khyber Pakhtunkhwa province. He was accompanied by officials of KPEZDMC and China Road & Bridge Corporation (CRBC). He was given a briefing on the location plan, field studies and approach road of the Zone. The ambassador Jing appreciated the location and stressed on the importance of RSEZ in CPEC, said in a press statement issued here on Wednesday.

Earlier, the statement further said, a joint venture agreement between KPEZDMC and CRBC to develop 1000 acres Rashakai SEZ was signed by KPEZDMC CEO Saeed Ahmed Khan and senior management of CRBC in Beijing, China in November 2018. According to the statement, the SEZ to be developed jointly by KPEZDMC and CRBC will be state-of-the-art economic zone, offering excellent infrastructure and amenities to the industrialists. The project will be launched soon however applications for more than 1200 acres from local investors have already been received.

According to the agreement, CRBC will be responsible for marketing the Zone locally and internationally. As part of its marketing efforts, CRBC is in advance stages of inviting local investors and Chinese Large-Scale Manufacturers to invest in the Zone.

Copyright Business Recorder, 2019