The government of Sindh has announced the submission deadline to registertenders for developing the US$ 120 million Dhabeji Special Economic Zone(DSEZ). With the bidding process expected to reel in US$ 1 billion ininvestments, international capitalists from China and other countries haveuntil February 9, 2021, to submit their proposals.
At a conference hosted by the Sindh Special Economic Zones ManagementCompany (SEZMC) in collaboration with the Sindh Investment Department andFederal Board of Investment, the participants of the pre-bid meeting wereinformed that,
DSEZ is a priority project under the China-Pakistan Economic Corridor(CPEC) and is well on course to be developed under public-privatepartnership through an international competitive bidding process.
A report quoted the sources saying the new economic zone would potentiallyfacilitate investors from China and other countries to either establish newventures or transfer their facilities to Pakistan.——————————
The meeting was also informed that February 9, 2021, is the last date forthe submission of bids. Tentative agreements for the DSEZ will be signed inMarch 2021, after recommendations from the Evolution Committee areprocessed. Chief Executive SEZMC, Abdul Azeem Uqaili, said in a statement,
December 30, 2020, is the deadline for making queries regarding the bids.
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He added that the minimum commitment for development is set at 100 acres.The new economic zone will adjust a wide assortment of industrial clusters,including steel-foundries, automotive and auto parts, consumer electronics,chemical and pharmaceuticals, textile and garments, and fast-movingindustrial goods.
The federal government has also approved an investment of Rs. 4.3 billionfor the construction of a dedicated power grid. The new grid will provideover 250MW power to the Dhabeji SEZ, expected to be completed by 2023.——————————
The Dhabeji Special Economic Zone is spread over 1,530 acres of land andwill be developed in two recurring phases. Phase-I will incorporate 750acres in 30 months, and Phase-II will oversee the remaining 780 acres inthe following 24 months.
Despite the COVID-19 outbreak, the Sindh government has received ampleresponse from prominent investors, and many bids are expected to beprocessed by early 2021.
