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G&S Medcure to invest Rs 250m in Rashakai SEZ under CPEC
September 29, 2022
G&S Medcure (Pvt) Limited, a leading multinational company, will establish a modern unit in Rashakai Special Economic Zone (RSEZ) by investing about Rs 250 million in the initial phase.
The project will be launched in collaboration with Khyber Pakhtunkhwa Economic Zones Development and Management Company (KP-EZDMC).
The company planned to start construction work during the current calendar year, an official of the KP-EZDMC said.
With more than 40 years of experience in Saudi Arabia in various sectors such as energy, power, and health, the company is entering Pakistan’s market to start its operation, the official said.
He said that the company chose RSEZ, the premier China-Pakistan Economic Corridor project, in Khyber Pakhtunkhwa to establish its modern unit.
The group is looking forward to bringing more innovative ideas and expertise from developed countries. This will not only enhance and reshape the current market but also contribute to the Pakistani job market, he said.
It will have a favourable impact on import substitution for domestic and export markets.
Credit: Independent News Pakistan-WealthPk
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