Quaid-e-Azam Business Park, Sheikhupura

IN THIS POST:
– About the Project
– Location of QABP
– Types of Industrial Zones
– Features of QABP
– Plot Distribution
– Prices of Plots
– Latest Updates
– About PIEDMC

Update (21st Jul 2020): Quaid-e-Azam Business Park, Sheikhupura, has been officially been launched with a Groundbreaking Ceremony held on Saturday, 18th July 2020, in the presence of Prime Minister Imran Khan. The development of the project is now expected to progress at a rapid pace. We’ll share all the relevant updates as they happen.

Quaid-e-Azam Business Park (QABP), Sheikhupura is a landmark project by the Government of Punjab and Punjab Industrial Estates Development & Management Company (PIEDMC) that will create business and employment opportunities across the province. 

Thinking about investing in Quaid-e-Azam Business Park, Sheikhupura? Good call! Here’s everything of importance you should know to make a calculated decision.

About Quaid-e-Azam Business Park, Sheikhupura

QABP is a business destination of the future, spread over 1,536 acres of land. The park is projected to generate about 250,000 jobs for both skilled and unskilled labour after its completion. The project also aims to empower working women with amazing career opportunities.

Quaid-e-Azam Business Park, Sheikhupura, will also have an additional 200 acres dedicated solely to a labour colony, providing accommodation to about 30,000 workers that will be part of this project.

The core aim behind the establishment of the business park is to bring Foreign Direct Investment (FDI) into the country, creating opportunities for growth for a wide variety of industries, while also opening up a large number of jobs in the province. The project is aligned with Prime Minister Imran Khan’s vision of creating 10 million jobs during his tenure.

The venture was initially known as Quaid-e-Azam Apparel Park and had only been dedicated to serving one of the many industries in the country, but the name was revised in November 2019 to convert the project into a diverse business park that will offer growth opportunities to about 12 different industries.

While Quaid-e-Azam Apparel Park had been declared as a Special Economic Zone (SEZ) in September 2019, PIEDMC had to reapply for the SEZ status after the park was converted. The QABP’s SEZ application is now under process once more, but the concerned authorities are hopeful that the approval will be granted before plot possession begins.

Location of Quaid-e-Azam Business Park

The location of Quaid-e-Azam Business Park places it conveniently on Lahore-Islamabad M-2 Motorway as it passes by Sheikhupura. The QABP also has a dedicated motorway interchange to connect it to the M-2 Motorway. It is just 25 minutes’ drive away from the Lahore Toll Plaza via the M-2. The project also touches Lahore–Sargodha Road (N60) at its rear.

These routes link the project to all the major cities, not just in Punjab, but all over Pakistan, including the dry ports and seaports, through a network of motorways and national highways. Keeping the location of Quaid-e-Azam Business Park in mind, here are some notable routes and ports it connects to:

• Allama Iqbal International Airport, Lahore – 55 kilometres away
• Sheikhupura Train Station – 6 kilometres away
• NLC Dry Port, Lahore – 42 kilometres away

The business park is also just 15 kilometres away from the Govt. Technical Training Institute, Sheikhupura, and the park’s proximity to Sheikhupura (a city of 0.5 million people) means plenty of skilled and unskilled labour will be able to comfortably travel to and from the park.

Types of Industrial Zones in Quaid-e-Azam Business Park, Sheikhupura

Quaid-e-Azam Business Park, Sheikhupura, will provide unmatched opportunities for growth to about 12 industries. These include:

Features of QABP, Sheikhupura

As per the masterplan of Quaid-e-Azam Business Park, the project will have:

• An international standard infrastructure
• Secured boundary wall
• Controlled entry and exit at all gates
• Trained personnel patrolling the premises
• Small commercial areas and parks
• Well-paved roads with sidewalks
• Efficient street lighting
• A central mosque near the main entrance
• One 220-kilovolt grid station
• 24/7 emergency centre
• A dedicated vocational training centre
• A tube well system for water supply
• Electricity supplied by WAPDA
• Telephone lines
• Broadband wireless internet connectivity
• Dedicated space for factory outlets
• One-window operation facility
• An expo centre

Moreover, as per the latest updates on Quaid-e-Azam Business Park, Sheikhupura, the development will also feature:

• A fully functional administrative office on site
• Sui Gas Site Management System (SMS), which is under construction
• A network of overhead and underground reservoirs for water distribution
• A pumping station with a generator for backup
• An underground sewerage network, which is fully developed
• A network of electrical substations, which is under development

Plot Distribution at QABP

The masterplan of Quaid-e-Azam Business Park features a total of 653 plots for investment, in 5 size-based categories. Here are the plot sizes ready for investment and the number of plots available in each size:

Prices of Plots in Quaid-e-Azam Business Park

You can choose to invest in Quaid-e-Azam Business Park via full cash payment or in instalments. We’ll cover both payment plans below:

100% Cash Payment

Full cash payment allows you to avail discounted prices, as well as the top priority on plot and utility allocation, as well as plot possession. 

Payment Plan on Instalments

Investors opting for an instalment plan will be required to pay 30% of the total payment in advance, and the rest in 9 bi-monthly instalments.

Terms and Conditions

Please review the following terms and conditions before you invest in Quaid-e-Azam Business Park:

• Prices of a plot in Quaid-e-Azam Business Park, Sheikhupura, include access to all the necessary facilities, including electricity, water, gas, and telecommunication services.
• These are prelaunch prices and are subject to change as per the decision made by the PIEDMC.
• Corner + road-facing plots will be charged a 10% extra premium, while road-facing plots will be charged a 5% additional premium.
• Investors paying in cash can take possession of their plots immediately, or as per their convenience.
• Investors paying for their plots in instalments must pay a minimum of 6 instalments before they are allotted a plot in QABP.
• Each plot owner will be given 24 months to build and develop their plot from the time they take possession of it.
• The timeline of 24 months will not be reset if you choose to transfer ownership of the plot. However, building period extensions can be bought at a cost.
• You will also have to pay a non-utilisation charge if you delay construction for more than 24 months.
• All plots are transferable once complete payment has been made, either in cash or in the form of instalments.
• If you want to book a plot in the first phase of the development, you will need to fill the form, attach the relevant documents, and submit your application before 20^th March 2020.
• You can also have an application kit sent to you via courier or collect the kit from any PIEDMS office in Lahore, Rahim Yar Khan, Vehari, Multan, or Bhalwal.

Latest Updates on Quaid-e-Azam Business Park, Sheikhupura

Now that we’ve discussed all of the major features of QABP, let’s talk about some of the latest updates on Quaid-e-Azam Business Park, Sheikhupura.

As of March 2020, PIEDMC has begun booking for plots in Quaid-e-Azam Business Park, Sheikhupura. As one of the only smart industrial zones in the country and holding importance for the CPEC, it was also announced near the end of February 2020 that Prime Minister Imran Khan would inaugurate the project in March. However, no date has officially been announced as of yet.

About PIEDMC

Punjab Industrial Estates Development & Management Company is an autonomous and not-for-profit organisation, owned by the Government of Punjab and managed by a dedicated Board of Directors. The directors mostly include key position holders in the local government as well as private sector industrialists, making PIEDMC a fairly successful example of a Public-Private Partnership (PPP).

The firm was created with the aim to promote industrialisation in Punjab, following a self-sustaining model that enables it to work on developing industrial estates within every district of the province. Quaid-e-Azam Business Park, Sheikhupura, is just one of the many projects underway by the PIEDMC, and you can learn more about all of their projects on their official website.

You now have a better idea about Quaid-e-Azam Business Park, Sheikhupura, and the possible investment opportunities it offers to both foreign and domestic investors. There are also a number of other SEZs being developed in Pakistan, such as the Rashakai Special Economic Zone (RSEZ), and the Dhabeji Special Economic Zone (DSEZ), which will boost economic activity in the country as the CPEC nears completion.

Stay tuned to Zameen Blog for more investment tips and updates. You can reach us at blog@zameen.com for any queries or suggestions you might have.

*[Image Credits: All images for this post have been sourced from the official Facebook page and Website of PIEDMC)