Prime Minister Imran Khan here Friday performed the commercial launch of multifaceted Rashakai Special Economic Zone (SEZ) being constructed on 1,000 kanal land on a strategic location of Peshawar-Islamabad Motorway.
The Rashakai SEZ, a flagship project of KP Economic Zone Development and Management Company (KPEZDMC) of the KP government under the China-Pakistan Economic Corridor (CPEC), would serve as a hub of foreign investment, promote industrialisation and generate thousands of jobs. The project will be developed in three phases over a period of three years.
The total area designated for industrial use is 702 acres. 159 acres would be developed in phase I, 279 acres in phase II, and 264 acres in phase III. 76 acres of land allocated for commercial use.
In the first phase, industries related to textile, garments, home building materials, general merchandise, electronics, mines and minerals, electrical appliances, automobile, mechanical equipment, and food processing plants would be set up at the SEZ. At later stages, more industries would be included to gain maximum capital.
RSEZ holds a unique competitive advantage due to its close proximity to the first juncture of the CPEC route, close location with Peshawar Airport and ML-I besides a significant resource and manufacturing base, making it an attractive destination for domestic and international investors to capture local and international markets.