Approval of Sole Enterprise SEZ Fatima Group of Companies
Fatima is well established group of companies operating for more than 80 years and continuously diversifying its business segments, contributing towards the national economy. The group is aiming to establish a project of manufacturing of cement plant, allied building materials and for other downstream production in Dera Ismail Khan under Sole Enterprise SEZ status.
Fatima Cement Limited is a subsidiary of Fatima Group and already incorporated and registered with Securities and Exchange Commission of Pakistan (SECP). For development of this Sole Enterprise-Special Economic Zone, the company has acquired 333 acres of land in the area of Umer Khel in District Dera Ismail Khan, Khyber Pakhtunkhwa. To carry out the manufacturing activities of SE-SEZ, Fatima Cement have leased a mining area of 2550.5 acre near village Umner Khel District DI Khan. The company intends to establish a mega industrial facility for the manufacturing of cement and other downstream products.
Project cost is estimated to be PKR 51.9 Billion comprising 30% of equity and 70% by debt financing. The project will generate activities worth 30 Billion PKR and will create 456 number of direct and about 1000 indirect jobs. The targeted production capacity of Cement is 9000 tons per day, whereas expecting to keep 5% of manufactured cements for export. The export for the first year shall be around PKR 999 million.
Viability of the project is high as growth in demand for cement and building materials due to various initiatives including CPEC, Naya Pakistan Housing initiative and other such projects related to construction, building and infrastructure. Establishment of the SEZ will lead to creation of employment opportunities and economic activities at both downstream and upstream business supply chain.
Board of KPSEZA recommend the submission of the proposal of Fatima Cement Limited to the Federal Board of Investment for approval from BoA (Board of Approvals) for granting the status of Sole Enterprise Special Economic Zone.
BoA (Board of Approvals) in its meeting held on 14th November, 2022 approved the recommendation of Board of KP-SEZA for granting the status of Sole Enterprise Special Economic Zone to the proposal submitted by Fatima Cement Limited. Fatima Cement Ltd is spread over an area of 333 Acres at D.I Khan with estimated investment of PKR 51 billion. This Project is milestone in Industrial Sector which will create employment opportunities & transform the economy.