Steel production to start soon at Rashakai SEZ
PESHAWAR: “The production will start within 90 days by the first international enterprise – China’s iron and steel conglomerate Century Steel (Private) Limited, acquiring 20 acres of land at Rashakai Special Economic Zone (SEZ)”, announced Special Assistant to Chief Minister KP on Industries.
According to details, Century Steel has invested over $300 million in total, with the first unit being set up with an investment worth $50 million.
According to the special assistant, China Road and Bridge Corporation’s (CRBC) investment in the Rashakai SEZ has attracted other international investors to come and invest in the province. The Rashakai Special Economic Zone (SEZ) is a pivotal step of industrial cooperation under the China-Pakistan Economic Corridor (CPEC).
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