{"id":78525,"date":"2021-08-06T11:34:13","date_gmt":"2021-08-06T06:34:13","guid":{"rendered":"https:\/\/www.zameen.com\/news\/?p=78525"},"modified":"2021-08-06T11:34:17","modified_gmt":"2021-08-06T06:34:17","slug":"steel-plant-rashakai-sez","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/steel-plant-rashakai-sez.html","title":{"rendered":"Chinese company to set up steel plant in Rashakai SEZ"},"content":{"rendered":"\n<p>Islamabad: China Pakistan Economic Corridor (CPEC) Project Director Dr Liaquat Ali Shah on Wednesday announced that a Chinese company called Century Steel (Pvt) Ltd has decided to set up a steel plant in the Rashakai Special Economic Zone (SEZ) with an investment of USD 360 million, according to news sources.<\/p>\n\n\n\n<p><strong>Read:<\/strong> <a href=\"https:\/\/www.zameen.com\/news\/cpec-sez-updates.html\" target=\"_blank\" rel=\"noreferrer noopener\">Bajwa shares updates on development status of SEZs planned under CPEC<\/a><\/p>\n\n\n\n<p>Under this initiative, 40 acres of land has been allotted to Century Steel Ltd to establish the steel plant. The project director stated that all the utility provisions such as water, gas, and electricity will be completed by the end of the current year.<\/p>\n\n\n\n<p>Since the Rashakai SEZ falls under the umbrella of CPEC, it was the first industrial cooperation project between the two countries. Mr Shah went on to say that the 1,000-acre zone is expected to create 200,000 job opportunities and will attract an investment of PKR 347 billion.<\/p>\n\n\n\n<p>During the first phase, the Chinese iron and steel company was the first foreign enterprise to set up its plant in the Rashakai SEZ, with an investment of USD 50 million.<\/p>\n\n\n\n<p>As per the statement by the Board of Investment (BoI), the proposed steel plant will have the capacity to produce 0.25 million tonnes of products per annum and will generate 1,000 jobs. Since it is located on the motorway and has close proximity to the Torkham border and Central Asia, the SEZ will be a game-changer for Khyber Pakhtunkhwa (KP).<\/p>\n\n\n\n<p><strong>Read: <\/strong><a href=\"https:\/\/www.zameen.com\/news\/rashakai-sez-expected-to-boost-fdi-in-pakistan.html\" target=\"_blank\" rel=\"noreferrer noopener\">Rashakai SEZ expected to boost FDI in Pakistan: PM Adviser<\/a><\/p>\n\n\n\n<p>While talking to the media about other projects under CPEC, the director informed that the first phase of the <a href=\"https:\/\/www.zameen.com\/news\/faisalabads-sez-underway-at-a-rapid-pace.html\" target=\"_blank\" rel=\"noreferrer noopener\">Faisalabad Special Economic Zone<\/a> and the Allama Iqbal Industrial City had been completed. Moreover, he revealed that the development work was in progress on the Dhabeji Special Economic Zone in Thatta and the Bostan Industrial Zone, Pishin district, Balochistan. The provision of utility facilities will be completed by the year-end.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Islamabad: China Pakistan Economic Corridor (CPEC) Project Director Dr Liaquat Ali Shah on Wednesday announced that a Chinese company called Century Steel (Pvt) Ltd has decided to set up a steel plant in the Rashakai Special Economic Zone (SEZ) with an investment of USD 360 million, according to news sources. Read: Bajwa shares updates on development status of SEZs planned under CPEC Under this initiative, 40 acres of land has been allotted to Century Steel Ltd to establish the steel plant. The project director stated that all the utility provisions such as water, gas, and electricity will be completed by the end of the current year. Since the Rashakai SEZ falls under the umbrella of CPEC, it was the first industrial cooperation project between the two countries. Mr Shah went on to say that the 1,000-acre zone is expected to create 200,000 job opportunities and will attract an investment of PKR 347 billion. During the first phase, the Chinese iron and steel company was the first foreign enterprise to set up its plant in the Rashakai SEZ, with an investment of USD 50 million. As per the statement by the Board of Investment (BoI), the proposed steel plant will have&hellip;<\/p>\n","protected":false},"author":83,"featured_media":62304,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[15016],"tags":[17958,34528,47311,47308,47309,47312,31164,29507,47310],"persona":[],"class_list":{"0":"post-78525","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-new-developments","8":"tag-allama-iqbal-industrial-city","9":"tag-china-pakistan-economic-corridor-cpec-3","10":"tag-chinese-company-to-develop-steel-plant-in-sez","11":"tag-chinese-company-to-set-up-steel-plant-in-rashakai-sez","12":"tag-development-of-projects-under-cpec","13":"tag-faisalabad-sez","14":"tag-rashakai-sez","15":"tag-special-economic-zones-sezs-2","16":"tag-steel-plant-established-in-rashakai-sez","17":"cat-15016-id"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Chinese company to set up steel plant in Rashakai SEZ - Zameen News<\/title>\n<meta name=\"description\" content=\"China Pakistan Economic Corridor (CPEC) Project Director Dr Liaquat Ali Shah on Wednesday announced that a Chinese company called Century Steel....\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.zameen.com\/news\/steel-plant-rashakai-sez.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Chinese company to set up steel plant in Rashakai SEZ - Zameen News\" \/>\n<meta property=\"og:description\" content=\"China Pakistan Economic Corridor (CPEC) Project Director Dr Liaquat Ali Shah on Wednesday announced that a Chinese company called Century Steel....\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.zameen.com\/news\/steel-plant-rashakai-sez.html\" \/>\n<meta property=\"og:site_name\" content=\"Pakistan Real Estate News &amp; 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