CPEC: Two SEZs launched in Thatta and Chakwal districts

by Shafqat Ali

Islamabad, March 19 (Gwadar Pro) - Two Special Economic Zones (SEZs) at Thatta and Chakwal districts have been launched under the China-Pakistan Economic Corridor (CPEC).

The Dynamic Engineering and Automation (DEA), a private engineering servicing company has launched the two SEZs at Pir Phato area in Thatta and Padshahan area in Chakwal, said an official statement.

The development concludes negotiations with Chinese investors and companies to establish manufacturing facilities, global service centres, Research and Development (R&D) labs and sales centres with an estimated investment of $ 5 billion to $ 7 billion.

The master layout of the SEZs will be prepared by China Urban-Rural Holding Group, which specialises in rural and urban revitalisation, eco-friendly designs and implementation of balanced development of regions in China.

A number of multi-billion Chinese companies have confirmed their investment plans in the two SEZs which have been launched in an effort to promote Foreign Direct Investment (FDI) in line with the vision of Prime Minister Imran Khan, DEA Chief Executive Officer (CEO) Owais Mir said.