The Federal Minister for Information Technology and Telecommunication is expected to lay the foundation for the Karachi IT Park on June 9th.
The Ministry of Information Technology and Telecommunication (MoITT) said that plans are in the works for the IT Park’s groundbreaking ceremony at Jinnah International Airport.
The ceremony will be attended by officials from South Korea, the Sindh government, the MoITT, and important business sector partners.
The groundbreaking ceremony will be followed by soil testing and the construction of a border wall, according to sources. The MoITT has also begun the recruiting process for expressions of interest (EoIs) for the park’s first design.
The federal government opted to build the IT Park near Jinnah International Airport, which is positioned in the heart of the metropolis’s commerce and economic district. The project’s entire cost is Rs. 31 billion, and the South Korean government has promised to fund it. According to the MoITT, it is expected to contribute 85 percent of the cash as well as technical assistance.
About 210 IT firms with almost 8,400 people will be housed at the IT Park, which will also include a multi-story skyscraper. It will be 106,449 square metres in size, with eight storeys above ground and three basement levels. There will include offices, meeting rooms, a daycare facility, amenities, and a parking space in the structure.
To read our blog on “New IT Park in Islamabad is set to build next month” click here.
