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December 15, 2020
PESHAWAR: The Khyber Pakhtunkhwa government has established the Rashakai Special Economic Zone Development and Operation Company (RSEZDOC) to develop, market, manage and operate the flagship project of the Rashakai Economic Zone.
A special purpose vehicle company has been registered with the Security and Exchange Commission of Pakistan (SECP) having five directors. China Road Bridge Corporation (CRBC) has nominated four directors out of five while one director will represent KPEZDMC.
Moving towards rapid industrialization in the province, one Chinese state-owned, Century steel company has been allotted 40 acres of land for steel production. The Chinese company has already started the building of infrastructure at Rashakai. The daily production of Century Steel will be 4,000 tons.