RAWALPINDI: While chairing a meeting, Rawalpindi Development Authority (RDA) Chairman Tariq Mehmood Murtaza reviewed the progress of the Special Economic Zones (SEZs) to be established along with the Rawalpindi Ring Road (RRR) project.
In order to capitalize on the ring road project, it was decided that the Economic Zone comprising an oil refinery, petroleum, engineering, IT parks and residential areas will be established on a priority basis. The RDA Chairman was of the view that the ring road project will provide market linkages to these economic zones and create alternate business opportunities to the business community.
Moreover, the RRR project is also said to increase the scope of China Pakistan Economic Corridor (CPEC). In a published report, it was mentioned that the RRR will support the CPEC by connecting it with Hakla-DI Khan (M14) Interchange and more zones including Industrial Estate II, Logistic Hub II, Dry Port, warehouse and truck terminals will be established. The significance of the ring road in the recent past has increased as it can generate economic activity apart from easing the urban traffic.
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