The Special Economic Zone (SEZ) Committee has approved the allotment of land to Century Steel (Pvt) Ltd which is owned by M/s Fuzhou Julitaihe International Company, a Chinese conglomerate engaged in the manufacturing and sale of iron and steel products internationally.
The enterprise has been allotted 40 acres of land at Rashakai SEZ. The project will consume 45MW electricity and will create more than 1,000 direct and indirect employment opportunities. The company plans to invest around USD 50 million and will produce 0.25 million tons of steel products at Rashakai SEZ.
Due to its excellent location on motorway and proximity to Torkham Border the zone is expected to be the game changer for Khyber-Pakhtunkhwa and Pakistan.