INVITATION FOR EXPRESSIONS OF INTEREST (EOI) FOR PURCHASE OF JINNAH CONVENTION CENTRE PROPERTY, ISLAMABAD
The Ministry of Privatization has formally presented Jinnah Convention Centre(JCC), Islamabad for privatization. Both local and international investors/buyers are invited to get leasehold rights of JCC Property through competitive bidding.
The sole purpose of property sale is to improve the country’s economic conditions, increasing revenue and eliminating poverty. The area of JCC is owned by CDA and the federal government after obtaining approval from CDA can start the procedures. The money generated will be merely utilized for developing prospective projects under the Capital Development Authority (CDA).
The Privatization Committee has got the approval of the federal cabinet as well as the Capital Development Authority posed no objection on the key features of this transaction. The interested parties will receive a Request for Statement of Qualification (RSOQ), on time submission of expression of interest will allow parties to get maximum time for completion of their Statement of Qualification (SOQ) and then submit it by April 14,2021.
Let’s see what this brings
This is Nice
I hope this turns out to be beneficial.
I think this is a good step
Nice Initiative… Never knew it was happening