LAHORE: The Punjab government on Wednesday invited bids for development of Allama Iqbal Industrial City after formally launching Priority Special Economic Zones under China Pakistan Economic Corridor ( CPEC) to accelerate economic activities besides generating employment opportunities.
Mian Kashif Ashfaq, chairman Faisalabad Industrial Estate Development and Management Company (FIEDMC), while talking to media said Allama Iqbal Industrial City has been planned over an area of 4000 acres which is strategically located on Motorway M-4 near Sahianwala Interchange, Faisalabad. He said that main boulevard, entrance gate and boundary wall will be completed within six months. He said FIEDMC Special Economic Zones is the largest one in Pakistan over 8500 acres.
He further said M-3 Industrial City spread over an area of 4500 acres of land, another mega project of FIEDMC under Special Economic Zone had attracted US $ 1.8 billion Foreign Direct Investment as well investment from local industrialists.
He said the major famous brands like Coco Cola, Hyndai, Renault, Hayat Kimya, Daewoo Treet JV, Dell JW, Time Ceramics, Orient, Ghani Group, Brighto Paints and many more.
