Fisheries special economic zone on 20,000 acres


Sindh Board of Investment Chairman Muhammad Zubair Motiwala has said that the purpose of establishing fisheries special economic zone is to promote socio-economic conditions of the rural Sindh and this zone will be established on 20,000 acres that has already been identified in Thatta district. He said this while presiding over a high-level meeting here in his office on Tuesday. He said that SBI would create mechanism for investment facilitation and subsidized financing for the investors in the zone which would include financing of 100 fish farms, of 25 hectares each, to be managed jointly by private investors with international experts for two years. He added that in first phase SBI would development of 20 farms and would undertake 2nd Phase on successful of implementation of the 1st Phase.
Muhammad Zubair Motiwala said that the establishment of the Fisheries Special Economical zone would create employment and economic opportunities for rural peoples and it would enhance foreign exchange earning capturing World Halal Food Market through export. Chairman said that the establishment of the said zone would provide capacity building to the local investors / fishermen and government officials involved in the sectors and it would also introduce international best practices and new technologies in research for fisheries development.