The Capital Development Authority (CDA) has decided to reclaim the 140 acres of land earlier allocated to the Special Technology Zone Authority (STZA) for the Islamabad Technopolis project near Chak Shahzad. The authority will now develop and auction the site independently.
During a meeting at CDA headquarters, both sides agreed that the land will remain CDA property, while STZA will serve as a facilitator and licensing authority for companies setting up in the zone. CDA will handle the development and auction process.
Years ago, CDA had earmarked the land for STZA with the federal cabinet’s approval and issued an offer letter for payment. However, STZA never deposited the required amount, leading to the decision to withdraw the offer. The move was finalized in a meeting chaired by CDA Chairman Mohammad Ali Randhawa, attended by board members and STZA officials.
The Islamabad Technopolis site lies within Zone III, where construction is typically restricted under CDA regulations. However, since the federal cabinet had already approved the project, CDA officials confirmed that development can proceed legally.
CDA will now prepare a fresh layout plan and auction plots to investors, while STZA continues its role as licensing authority for tech businesses. According to CDA documents, Islamabad Technopolis aims to become a regional technology hub, attracting foreign investment and generating jobs in Pakistan’s tech sector through modern infrastructure and tax incentives.
STZA, created to support the country’s technology ecosystem, will facilitate innovative ventures and promote entrepreneurship under the project.