China’s Nice Group shows interest to invest in Rashakai SEZ

Islamabad, Nov. 5 (INP): China’s Nice Group has expressed interests to invest in Rashakai Special Economic Zone (SEZ), a flagship project under the framework of China-Pakistan Economic Corridor (CPEC).

According to a report carried by Gwadar Pro, Yingchun Lan, General Manager of Nice Group, visited Khyber Pakhtunkhwa Economic Zones Development and Management Company (KPEZDMC) based in Peshawar and held meetings with Pakistani officials.

“Nice Group is interested in investing in RSEZ,” Haroon Arbab, spokesperson of KPEZDMC told Gwadar Pro, adding that KPEZDMC has assured the Chinese investors about all possible assistance.

Javed Khattak CEO of  KPEZDMC briefed the Yingchun Lan-led delegation on investment opportunities in KP and especially in this SEZ. Yingchun Lan and Javed Khattak exchanged souvenirs.

The Government of KP, KPEZDMC and the China Road and Bridge Corporation (CRBC) are developing Rashakai SEZ, which is spread over an area of approximately 1,000 acres. For managing the affairs, Rashakai Special Economic Zone Development and Operations Company (RSEZDOC), a special purpose vehicle, has been set up as a JV between KPEZDMC and CRBC.

The Rashakai SEZ is located at an ideal place, which is the confluence of five major districts of KP and is reachable via motorways and railways.

INP/Javed