Karachi: In a significant move to boost industrial growth and economic development, the Sindh government has signed a concession agreement for Marble City Karachi, a cutting-edge industrial zone dedicated to marble and granite production.
The agreement was finalized during a meeting chaired by Sindh Chief Minister Syed Murad Ali Shah at the CM House. The meeting was attended by senior officials, including CM’s Special Assistant on Investment Syed Qasim Naveed, Chief Secretary Asif Hyder Shah, Secretary to CM Raheem Shaikh, Secretary Industries Yaseen Shar, Secretary Investment Khurram Shahzad, CEO Sindh Economic Zones Authority (SEZA) Zeerat Shafqat, and others. Private partners and representatives from Kainaat Enterprises and Hassan Constructions were also present.
The Marble City Karachi project, managed by the Sindh Economic Zones Management Company (SEZMC), represents a $100 million investment and is expected to create 10,000 jobs. Strategically located in Karachi, Pakistan’s primary trade and industrial hub, the project will offer state-of-the-art infrastructure, utilities, and enhanced security measures, including 24/7 surveillance and emergency management systems.
Speaking at the signing ceremony, CM Murad Ali Shah emphasized the project’s significance in enhancing the value chain of marble and granite production, boosting exports, and fostering innovation. He lauded the involvement of private sector partners and stressed the importance of timely project completion.
Special Assistant to CM Syed Qasim Naveed highlighted the project’s connectivity advantages, noting its proximity to the Port of Karachi, Jinnah International Airport, and key national highways. This strategic location will facilitate businesses targeting domestic and international markets.
The Marble City Karachi initiative underscores the Sindh government’s commitment to sustainable industrial development, economic growth, and job creation. It is set to position Sindh as a leader in Pakistan’s marble and granite sector, fostering long-term economic prosperity.
Samra Zulfiqar, a real estate analyst at Zameen.com, is passionate about finding projects that offer buyers the best returns. Her keen insights spotlight the market’s most promising opportunities.
