KARACHI: Sindh Government will open the financial bid of Dhabeji Special Economic Zone (DSEZ) in the province shortly.

According to sources with the development, technical bid has been opened and now financial bid would be opened that would speed up the work on this project under China-Pakistan Economic Corridor (CPEC).

According to official documents of the project, investors will enjoy 5-10 years tax holiday on income tax for investing in the Duty free imports of plant and machinery would also be allowed for the investment in Dhabeji SEZ.

Documents showed that concession term for the project is 20 years whereas lease term spans for fifty years. The project development time is five years.

PC-1 was approved by the Planning Commission of Pakistan on 9th Dec, 2019 and administration's approval was issued on 3rd Jan, 2020 for release of funds. Rupees 800 million has been allocated for the current year. NTDC, Ministry of Power will initiate the project execution in coordination with KE.

PC-1 of Rs 465 million to provide 13.5 MMCFD gas at doorstep of DSEZ has been approved by DDWP under Petroleum Division of Pakistan on 19th Feb, 2020. SSGC, Ministry of Petroleum will initiate the execution during the current financial year.

DSEZ is a priority project in CPEC, which would be developed on 1530 acres of land in Thatta. The government would facilitate international investors to invest in DSEZ by providing state of art infrastructure and uninterrupted utilities at doorsteps.

Various strategic industry clusters have been identified for DSEZ, which include steel, building materials, petrochemical, automotive & allied, light engineering, textile & garments, FMCGs logistics and warehousing. The concept master plan provides information to access to road, infrastructure, allied facilities requirements, heavy industries, medium industries and light industries. Construction in DSEZ would be carried out in two phases. 750 acres in phase-I and 780 acres in phase-II would be developed.

Copyright Business Recorder, 2020