Business

CDA Calls for Offers to Build Pakistan’s Largest IT Park

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Staff Reporter

2 years ago

Under the goal of converting it into a state-of-the-art IT park, the Capital Development Authority (CDA) has begun the leasing process for a grey structure in G-10 Markaz, Islamabad.

The building has a covered area of more than 97,000 square feet, or 3.3 acres.

This action comes after the CDA board recently approved the establishment of the largest IT Park in Pakistan in the region.

Companies interested in leasing the site for a first fifteen years are asked to submit an Expression of Interest (EOI) to the CDA. The chosen tenant will be responsible for transforming the gray structure into a cutting-edge IT park that complies with global norms and industry best practices.

Either as separate organizations or through joint ventures, interested partners are needed to have a respectable and experienced background in the industry. In order to meet the various demands of technology firms and their staff, the proposed IT park would provide a wide range of services, such as shared co-working spaces, incubators for startups, office spaces for SMEs, research centers, auditoriums, recreational areas, and more.

The grey structure will be rented out “As Is,” per the leasing regulations, and bidders must offer for the whole 3.3-acre land. The first fifteen-year lease is renewable for an additional five years with mutual consent and CDA’s Competent Authority approval. The minimum rental payment per month is roughly 16,581,813 rupees.

Interested parties have until April 30, 2024, to submit their Expression of Interest (EOI). The CDA encourages international firms and consortiums to participate in this endeavor.

Staff Reporter