Construction of the main building of Information Technology (IT) Park in Islamabad will start next month, officials of the Ministry of Science and Technology have confirmed.
According to details, all necessary arrangements have been completed, and the tendering process is in the final stage. Capital Development Authority (CDA) has already approved the design of the building, and MoITT has already obtained approval from the Environmental Protection Agency (EPA).
All work related to electricity connections, drain channels, and procurement has been completed. Boundary wall construction and land payment have already been done. All work is completed from the Pakistani side, and on the Korean side, contract awarding is in process, which will be completed in the next couple of weeks.
Note here that the groundbreaking of Islamabad IT Park was performed on 26 May 2021 by Minister of IT & Telecom (MoITT), Syed Amin Ul Haq, and Ambassador of the Republic of Korea, H.E Suh Sangpyo, at Chak Shahzad.
IT Park Islamabad will consist of twelve storeys (2 underground and 10 above) and will stretch over an area of 66,893 square meters. It will provide office space to over 120 startups, small and medium enterprises (SMEs), and ancillary facilities like testing laboratories, classrooms, industry-academia linkage center, auditorium, etc.
The MoITT is developing IT Park Islamabad with financial assistance from Exim Bank Korea. The total cost of the project is $88.8 million, of which, $76.3 million will be provided by South Korea and $12.5 million will be covered by Pakistan.
The IT Park will not only mitigate the shortage of infrastructure for the IT sector but also facilitate technology transfer through academia-industry linkage, support technology, commercialization, promote research and development, and economic value addition.
It not only will bring federal direct investment in the IT sector but will also increase IT exports and IT industry competitiveness. It will create more than 5, 000 direct and indirect employment opportunities during the construction phase. It will create another 5,000 direct and indirect jobs after completion.
Note: Featured image is only for illustration purposes.
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Why is the image against your post a project in New york 520 west 28th (which is by the international firm Zaha Hadid Architects), posted with this news?. Have you guys no cross checks on your posts and no proof reading done before they go online?
OR
is it a blatant case of plagarism and copyrights infringement by the above mentioned project?
So which is it really?
– Pro pakistani loses its credibility with such posts
OR
– This project is giving out fake information?
-Sauban Habeeb Ahmad
Architect, Islamabad
Ye Pakistan ha jaan, yahan sab chalta ha bhai..
Chik pat, 7up
Note: Featured image is only for illustration purposes.
Articles has all details but misses where the park will be constructed in first place. Further is it feasible to construct such a huge complex when top IT companies of Islamabad now prefer remote work?
How come I can’t find such a company! All job posts I see are non-remote. There is only one or two every month that are not so and all of them are from the same 3 companies, we all know about.
good work