Special Technology Zone Authority (STZA) <\/a>for the regulation of new IT startups. In addition, the government has also offered tax holidays and special duty incentives on the import of equipment<\/p>\n","protected":false},"excerpt":{"rendered":"Lahore: Saudi Arabia\u2019s Prince Fahad Bin Mansour has launched a USD 100 million Saudi Arabia-Pakistan Tech House to create opportunities through partnerships with information technology (IT) companies in Pakistan, news sources reported on March 6. Read: German firm to setup software training enter for students The tech house will be established under ILSA Interactive, a company co-founded by Prince Fahad and Pakistani entrepreneur Salman Nasir in 2009 and has offices in Riyadh and Lahore. The joint venture is part of the strategic framework of Saudi Arabia\u2019s Vision 2030 \u2013 which aims to establish the country as a global investment powerhouse with a sophisticated digital infrastructure. The prince expressed confidence in Pakistan\u2019s workforce and startups to form partnerships that would prove to be game-changers for both countries\u2019 IT sectors. He said that the project is expected to create over 1,000 jobs in Pakistan and that he expects to have more than 300 projects with a minimum cost of USD 100 million in the next five years.\u00a0 Read: Saudi Arabia to launch Tech House in Lahore It is important to note that the government has launched several IT parks in various cities, including the establishment of the Special Technology Zone Authority (STZA)…<\/p>\n","protected":false},"author":84,"featured_media":80123,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[20385],"tags":[56625,56626,56624,56627],"persona":[],"class_list":["post-92831","post","type-post","status-publish","format-standard","has-post-thumbnail","category-development-projects","tag-geman-forminvestment","tag-it-technology-park","tag-saudi-launches-usd-100-mn-tech-house-in-pakistan","tag-technology-park-pakistan","cat-20385-id"],"acf":[],"yoast_head":"\n
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