Japanese, Korean firms interested to invest in Dhabeji SEZ in Karachi

The companies have previously worked on big projects like the Thar coal power project.

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Japanese and Korean companies have shown a keen interest in developing industrial zones in Pakistan alongside Chinese firms, ahead of the expected relocation of some Beijing industries in the country.

Around 30 national and internationally well-known companies have shown an interest to develop the Dhabeji Special Economic Zone (SEZ). The SEZ is a project of CPEC (China-Pak Economic Corridor) near Karachi and Dhabeji.

“We are getting a great deal of interest from the companies,” Sindh Special Economic Zones Management Company (SEZMC) Chief Executive Officer Abdul Azeem Uqaili said.

SEZMC works under the Investment Department Government of Sindh. Numerous bids were invited for selection as the developer of Dhabeji SEZ through national and international newspapers. 30 companies showed interest in the bids and a large majority of them were Chinese firms working in Pakistan.

Previously worked on big projects:

The companies have previously worked on big projects like the Thar coal power project. Since their projects have come to an end, they want to continue working in Pakistan.

“Although our offer is open to investors from any country, mostly the Chinese have expressed interest, followed by Japanese and Korean investors,” said the CEO.

There are many Pakistani companies who have also applied for the bid. The CEO added that Chinese companies were grouping up with local investors. Once the highest bidder is selected, it will form a company to develop the SEZ.

The selected bidder will be facilitated in acquiring gas, electricity, and water connections and getting the necessary paperwork completed quickly by the government. SEZ authorities are hopeful that they will get many Chinese firms to relocate since the country is repositioning such industries to the neighboring countries of Pakistan.

The Sindh Investment Department, in this regard, has arranged a pre-bid meeting with all the related companies. The secretary investment informed that due to repeated demand of companies, the final date for submission of bids has been extended to 20th April 2020.

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