Punjab government has approved to set up a multi-purpose business center covering an area of 300,000 square feet equipped with state-of-the-art facilities at Quaid-i-Azam Business Park (QABP) under the management of Punjab Industrial Estates Development and Management Company (PIEDMC) revealed Chairman PIEDMC Syed Nabeel Hashmi to the media on Wednesday.
Hashmi further disclosed that the groundbreaking ceremony of the center will be held soon. Corporate offices, conference rooms, expo centers, multipurpose halls, showrooms, hotels, one window center and factory outlets will be set up in the multi-storey multi-purpose business center.
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Keeping in mind the growing need for technology in business growth, special incentives will be given to IT related individuals and companies in the business center, said Hashmi while giving a briefing to a delegation of industrialists. COO PIEDMC Ali Moazzam Syed was also present on the occasion.
675 industrial plots ranging from 0.5 acres to 4 acres have been constructed in Quaid-e-Azam Business Park spread over an area of 1536 acres at Sheikhupura on Lahore-Islamabad Motorway, revealed Hashmi. Due to the speed and quality of PIEDMC’s development work, manufacturers are taking keen interest in the project. That is why more than 200 acres of plots have been sold in a short span of time while dozens of applications are in the process of approval, he said.
He also informed the delegation that an agreement has been reached with Sui Northern Gas Company to supply RLNG in the QABP and NHA (National Highways Authority) to set up an interchange on the motorway for easy and direct access to the Park.
Concessions and incentives have been approved for industrialists wishing to purchase plots of 25 acres or more in the park. Completion of this project will provide employment to 500,000 people. Due to its usefulness, this project will prove to be a game changer for the economic development of Punjab, he concluded.
PIEDMC’s state of the art multi-purpose complex
COO PIEDMC, Ali Moazzam Syed, who is overlooking the development of QABP as its “Project In Charge”, describes this multipurpose complex as ‘unique and the first of its kind.’ He states that ‘not one industrial estate present in Pakistan at the moment has been able to develop a customer service complex of this nature,’ which is being provided by QABP near Sheikhupura.
Moreover, no industrial estates that are being conceived at the moment have a multipurpose complex of this capacity that can offer so many diverse facilities. PIEDMC firmly believes in the idea of providing its industrial units with one window solutions. It believes that equal attention should be paid to both the quality of infrastructure and customer service quality.
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Keeping in mind the significance of this complex it is being constructed near the main entrance of the business park. It is important to note that this Multipurpose Complex will have six storeys, and every level would have approximately 50,000 square feet of office space.
Through this complex, industrialists would have access to offices, showrooms, shops, business centers, auditorium, hotels, restaurants and food courts which are to be constructed shortly. This center would also have the offices of PIEDMC itself, and the construction of a technologically advanced medical center is also a part of the plan.
PIEDMC is also planning for customer convenience to have twenty executive apartments, two gymnasiums and coffee shops, etc. The complex would provide all kinds of resources, facilities and logistic support needed by the companies setting up in the special economic zone. Once completed, this six-storey building aims to attract the residents of QABP and the people belonging to Sheikhupura.
The project would cost around approximately Rs. 2 billion, which will be met by PIEDMC from its revenue. In the first phase, PIEDMC would be contributing Rs. 1 billion to develop this project. The second phase of development would start soon if the customer response is favorable.
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The construction work of both the interchange and the multipurpose complex would kick off once the Punjab Government approves the inauguration dates. The complete details of these projects have been submitted to the Punjab Government. The inauguration was expected in December but got delayed due to the second wave of the pandemic. Now it is anticipated that both the projects would be launched in February 2021.