STZs in Islamabad to boost investments in next five years

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ISLAMABAD: The Chairman, Special Technology Zone Authority (STZA) Amer Hashmi informed that the Special Technology Zones (STZs) in Islamabad will attract boost investments in the next five years.

According to the details, $100mn in investments will be attracted through STZs over the period of the next five years.

STZA and a private entity signed a Memorandum of Understanding (MoU) to establish the first technology park in Islamabad.

Speaking on the occasion, the chairman STZA informed that the inaugural technology park will be established over 150acres and it will help to create employment opportunities in the future.  

The chairman also informed that the technology park will comprise an energy-efficient building spanning over 250,000sqft and it will help to create 2500 skilled job opportunities.

Furthermore, the Chief Executive Officer of Islamabad (STZ) told that the zone will boost IT exports in the country along with attracting Foreign Direct Investment (FDI).

 

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