{"id":97829,"date":"2024-07-07T10:43:00","date_gmt":"2024-07-07T05:43:00","guid":{"rendered":"https:\/\/www.zameen.com\/news\/?p=97829"},"modified":"2024-07-05T16:47:24","modified_gmt":"2024-07-05T11:47:24","slug":"cda-to-invest-in-isb-it-park","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/cda-to-invest-in-isb-it-park.html","title":{"rendered":"CDA to float new proposal for investment in ISB IT Park"},"content":{"rendered":"\n<p>Islamabad: The Capital Development Authority (CDA) is set to reissue a Request for Proposal (RFP) for the much-anticipated Islamabad IT Park, following a stalemate in rental fee negotiations with a prospective investor, as reported on July 5.\u00a0<\/p>\n\n\n\n<p><strong>Read: <\/strong><a href=\"https:\/\/www.zameen.com\/news\/cda-to-modernise-islamabads-bus-infrastructure.html\" target=\"_blank\" rel=\"noreferrer noopener\">CDA to collaborate with ADB to modernise bus infrastructure in ISB<\/a><\/p>\n\n\n\n<p>According to the details, a company had shown keen interest in investing over PKR. 1 billion in the proposed IT Park. However, the discussions hit a snag as the CDA demanded a rental fee of PKR. 15 million, while the company was only willing to pay PKR. 10 million. This discrepancy has prompted the CDA to issue another RFP to attract new bids for the project. Initially, three companies expressed interest in the IT park\u2019s business proposal. However, discussions advanced with only one company due to its significant investment potential. With the issuance of a new RFP, the CDA aims to present all offers to its board, which will then decide on the acceptance or rejection of the bids.<\/p>\n\n\n\n<p>In March 2024, the CDA approved the establishment of Pakistan\u2019s largest IT park in Sector G-10 of Islamabad. The IT Park, covering a 3.3-acre plot, will be developed through a public-private partnership. The facility is set to encompass 0.1 million square feet and will provide workspace for 5,000 to 6,000 freelancers.<\/p>\n\n\n\n<p>Read: <a href=\"https:\/\/www.zameen.com\/news\/isb-to-get-mega-one-window-centres.html\" target=\"_blank\" rel=\"noreferrer noopener\">ISB residents to benefit from new CDA Mega One-Window centres<\/a><\/p>\n\n\n\n<p>The IT park will feature dedicated areas for freelancers, start-ups, software houses, a library, IT product exhibition spaces, research centers, conference halls, and meeting rooms. According to the RFP, the IT park will be leased out on an \u201cas is\u201d basis. Prospective bidders must submit bids for the entire 3.3-acre plot, which includes all built structures and open spaces. The CDA will retain ownership of the property, with the rental period set for 15 years and an option for a five-year extension upon mutual agreement.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Islamabad: The Capital Development Authority (CDA) is set to reissue a Request for Proposal (RFP) for the much-anticipated Islamabad IT Park, following a stalemate in rental fee negotiations with a prospective investor, as reported on July 5.\u00a0 Read: CDA to collaborate with ADB to modernise bus infrastructure in ISB According to the details, a company had shown keen interest in investing over PKR. 1 billion in the proposed IT Park. However, the discussions hit a snag as the CDA demanded a rental fee of PKR. 15 million, while the company was only willing to pay PKR. 10 million. This discrepancy has prompted the CDA to issue another RFP to attract new bids for the project. Initially, three companies expressed interest in the IT park\u2019s business proposal. However, discussions advanced with only one company due to its significant investment potential. With the issuance of a new RFP, the CDA aims to present all offers to its board, which will then decide on the acceptance or rejection of the bids. In March 2024, the CDA approved the establishment of Pakistan\u2019s largest IT park in Sector G-10 of Islamabad. The IT Park, covering a 3.3-acre plot, will be developed through a public-private partnership.&hellip;<\/p>\n","protected":false},"author":89,"featured_media":75427,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[15016],"tags":[319,58702,58701,1684,58234,58703,54568],"persona":[],"class_list":{"0":"post-97829","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-new-developments","8":"tag-cda","9":"tag-isb-it-park","10":"tag-islamabad-it-parlk","11":"tag-islamabad-news","12":"tag-it-park","13":"tag-request-for-proposal","14":"tag-zameen-news","15":"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>CDA to invest in ISB IT Park - Zameen News<\/title>\n<meta name=\"description\" content=\"The Capital Development Authority (CDA) is set to reissue a Request for Proposal (RFP) for the much-anticipated Islamabad IT Park.\" \/>\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\/cda-to-invest-in-isb-it-park.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"CDA to invest in ISB IT Park - Zameen News\" \/>\n<meta property=\"og:description\" content=\"The Capital Development Authority (CDA) is set to reissue a Request for Proposal (RFP) for the much-anticipated Islamabad IT Park.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.zameen.com\/news\/cda-to-invest-in-isb-it-park.html\" \/>\n<meta property=\"og:site_name\" content=\"Pakistan Real Estate News &amp; 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