Korea grants $76.28mn loan to establish IT Park project in Pakistan

ISLAMABAD: The Republic of Korea has granted a loan of $76.28 million under the Economic Development Cooperation Fund (EDCF) to set up an Information Technology Park project in the federal capital, announced the Ministry of Information Technology and Telecommunication.

invest with imarat

Islamabad’s emerging city centre

Learn More

The terms and conditions of the contract will be subjugated as per the conditions of the loan agreement, the ministry further added.

In addition, eligible bidders have been invited to submit their bids to construct 10 stories above ground and two basements IT Park project with a gross floor area of 66,893.643 m2, comprising offices, conference rooms, and data centres, amenities, backup power, and parking area.

The project is scheduled to be completed within 30 months.

 

For news and blogs, visit Graana.com.

Maham Tahir

Recent Posts

Rome’s Affordable Real Estate Draws Increasing Investor Interest

As Milan’s real estate boom starts to stabilize, investors are increasingly looking toward Rome as…

1 day ago

Dubai’s Second Tallest Tower Burj Azizi Shatters Records with Global Luxury Sales Launch

Dubai’s skyline is set to welcome a new icon as Azizi Developments launches global sales…

4 days ago

Real Estate Set to Surge as Government Plans to Scrap FED on Property Deals

The federal government is considering removing the Federal Excise Duty (FED) on the transfer of…

5 days ago

Egypt Launches MLS-Powered Real Estate Platform for Transparency & Investment

Under the patronage of Minister of Housing and New Urban Communities Sherif El-Sherbiny and Minister…

5 days ago

CDA to Hold Open Auction for Commercial Plots in Islamabad from February 25

The Capital Development Authority (CDA) has scheduled an open auction for commercial plots at Jinnah…

5 days ago

Islamabad’s Three Day Spring Festival Set to Wow Visitors with Cultural Showcase

The capital city of Pakistan is gearing up for a grand celebration as Interior Minister…

6 days ago