The Korangi Creek Industrial Park will be built over 250 acres of land and the Bin Qasim Industrial Park over 930 acres, besides providing employment to thousands of people in Karachi and encouraging domestic and foreign investment on a massive scale as per KMC Administrator Muhammad Hussain Syed.
During a visit to the Korangi Creek Industrial Park, he said that the zone would be established under a public-private partnership and would encourage small- and medium-scale industries. He was accompanied by Senior Adviser of Jica Nagase, Commodore Kamran Mirza, Vice-President of National Engineering Services Farhat Adil and Director-General of Technical Services Altaf G Memon.
Highlighting improvements in Karachi’s infrastructure, he said that over the past two years, several roads in Korangi had been built, Korangi Causeway had been widened to provide better transportation to industries in the Korangi Industrial Area and Korangi Creek. He said four more roads in the Tannery Zone were being completed and the CBM Bridge towards Ibrahim Hyderi was also being built.
CEO of the Industrial Park Mohsin M Syed briefed the Administrator Karachi and said that 200 multi-storey factories in this zone would be built.
He said that youth would be provided vocational training to improve their employment prospects. He said plots would be allotted to investors who intended to start up businesses immediately. He said that the infrastructure in the Industrial Park was being built at a cost of Rs3.5 billion. The Administrator Karachi said all municipal problems in this would be resolved on a priority basis. Later, Administrator Karachi Muhammad Hussain Syed and the senior advisor of Jica planted a coconut plant and visited the area.
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