The board of directors of Punjab Industrial Estates Development and Management Company (PIEDMC) has approved the award of a contract for development works at the Quaid-e-Azam Business Park, Sheikhupura at a cost of Rs8.49 billion.
Previously, the contract for these development works was awarded at a cost of Rs15 billion, but the present board brought it down to Rs6.5 billion by using its technical experience and ensuring transparency by fully following PPRA rules.
On recommendations of the procurement committee, the board approved Rs2.9 million for third-party validation of the Quaid-e-Azam Solar Park, Bahawalpur and Rs11.8 million for CCTV surveillance system operations and maintenance.
It also approved minutes of the 147th board meeting and reviewed implementation of previous decisions.
PIEDMC’s state of the art multi-purpose complex
Punjab government has approved to set up a multi-purpose business center covering an area of 300,000 square feet equipped with state-of-the-art facilities at Quaid-i-Azam Business Park (QABP) under the management of Punjab Industrial Estates Development and Management Company (PIEDMC).
COO PIEDMC, Ali Moazzam Syed, who is overlooking the development of QABP as its “Project In Charge”, describes this multipurpose complex as ‘unique and the first of its kind.’ He states that ‘not one industrial estate present in Pakistan at the moment has been able to develop a customer service complex of this nature,’ which is being provided by QABP near Sheikhupura.
Moreover, no industrial estates that are being conceived at the moment have a multipurpose complex of this capacity that can offer so many diverse facilities. PIEDMC firmly believes in the idea of providing its industrial units with one window solutions. It believes that equal attention should be paid to both the quality of infrastructure and customer service quality.
Keeping in mind the significance of this complex it is being constructed near the main entrance of the business park. It is important to note that this Multipurpose Complex will have six storeys, and every level would have approximately 50,000 square feet of office space.
Through this complex, industrialists would have access to offices, showrooms, shops, business centers, auditorium, hotels, restaurants and food courts which are to be constructed shortly. This center would also have the offices of PIEDMC itself, and the construction of a technologically advanced medical center is also a part of the plan.
PIEDMC is also planning for customer convenience to have twenty executive apartments, two gymnasiums and coffee shops, etc. The complex would provide all kinds of resources, facilities and logistic support needed by the companies setting up in the special economic zone. Once completed, this six-storey building aims to attract the residents of QABP and the people belonging to Sheikhupura.
The project would cost around approximately Rs. 2 billion, which will be met by PIEDMC from its revenue. In the first phase, PIEDMC would be contributing Rs. 1 billion to develop this project. The second phase of development would start soon if the customer response is favorable.
The construction work of both the interchange and the multipurpose complex would kick off once the Punjab Government approves the inauguration dates. The complete details of these projects have been submitted to the Punjab Government. The inauguration was expected in December but got delayed due to the second wave of the pandemic. Now it is anticipated that both the projects would be launched in February 2021.