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MoU signed with China for development of Hattar Special Economic Zone

Investment of Rs. 100 billion and generation of 100,000 Direct & Indirect Job Opportunities is expected
Peshawar
In pursuance of the MOUs signed in KP-China Roadshow (April 2017), the Government of Khyber Pakhtunkhwa after deliberations signed an agreement with the China Road and Bridge Corporation(CRBC) to develop Hattar Special Economic Zone- Extension (1000 Acres).
This is the first MOU signed during Roadshow which was matured into Agreement. The agreement was signed by AdilSalahuddin, interimChief Executive Officer, KPEDMC on behalf of the Government of Khyber Pakhtunhwa and Mr 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 & Beverages, steel and various engineering related industries.
This initiative by the Government of KP will provide direct & indirect job opportunities to 100,000 locals of the region once the SEZ is fully colonized. 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 Government of KP has imposed section 4 on 1000 acres of land to develop the extension of SEZ.
At the ceremony CM KP, Mr. 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.’
The Government of Khyber Pakhtunkhwa 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.



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