Private investment powers Pak’s largest IT Park in ISB, announces CDA
18-3-2024
Islamabad: The Capital Development Authority (CDA) has announced plans to construct Pakistan’s largest IT Park in Islamabad, according to a news article published on March 13. Read: CDA fast-tracks road projects in ISB As disclosed in the details, the IT Park, located in Sector G-10, will sprawl across 3.3 acres, emphasising strategic planning and collaboration between the government and private sector. Envisioned as a dynamic centre for innovation, the Park will provide space for thousands of freelancers, start-ups, and software houses, fostering a conducive environment for growth. With an expansive covered area of one lakh square feet, the park will offer modern amenities including libraries, exhibition spaces, research centres, and conference facilities. Notably, private entities will finance the construction, with companies leasing space to establish their IT offices, thus stimulating economic activity and employment opportunities. Read: CDA’s billion rupees project set to transform Margalla Hills After 15 years, operational control will transition to the CDA, reflecting a commitment to long-term investment in Pakistan’s technological infrastructure.