Introduction
The industrial development in Faisalabad is taking place in the urban vicinity in an unorganized manner. With many industries operating within the urban areas, the quality of life is deteriorating gradually. Faisalabad Industrial Estate Development and Management Company (FIEDMC) has taken up the task to relocate existing industries outside the city premises to ensure a healthy life style for urban dwellers. In this regard, FIEDMC has already established two industrial estates i.e. M-3 industrial city and value addition city outside city at fringes.
In continuity of this agenda, FIEDMC has initiated their third project of establishing another industrial estate covering an area of 3057 acres near Sahianwala Interchange. FIEDMC has created biggest mechanical settlement of nation along Motorway M-3 which is probably going to fall inside China-Pakistan Economic Corridor.
| Location | Faisalabad |
| Proposal Type | Solicited |
| Estimated Cost | PKR 26 billion |
| Concession Period | 20 years |
Concerned/Sponsoring Agency
Industries, Commerce & Investment (IC&I) Department Faisalabad Industrial Estates Development and Management Company (FIEDMC).
Salient Features
Project will be developed in eight packages, PKR 1.75-2 billion app. for each.Revenue generation through sale of plots and continuous revenue through maintenance charges and other means.
Role of Government Agency
Operations of facilities mainly will be carried out by FIEDMC. FIEDMC will establish a section to sale out, title transfer of plots and site visits for customers.
Role of Private Party
Development of project will be carried out by private party i.e. building, construction and maintenance of facilities together with a limited number of operational activities consisting of support services. Private party will lease out the developed plots to FIEDMC.
Current Status
Project proposal under review.