The Khyber Pakhtunkhwa Economic Zones Development and Management Company (KP-EZDMC) has officially launched the Inclusive Business Development Park (IBDP) in Peshawar. This groundbreaking initiative, aimed at fostering entrepreneurship across diverse communities, was reported on August 19. The IBDP represents a significant step toward empowering a wide range of entrepreneurs, including men, women, persons with disabilities, and transgender individuals.
Funded by the World Bank through the Khyber Pass Economic Corridor (KPEC), the project has a total investment of PKR 71 million. The IBDP is strategically located within the Peshawar Economic Zone and offers vital support to small business ventures, providing them with the tools they need to scale up and achieve long-term sustainability. Entrepreneurs will have access to essential infrastructure, including fully equipped office spaces, state-of-the-art production facilities, and a dedicated training center.
What sets the IBDP apart from traditional business incubation centers is its focus on production. The park features a dedicated production house, allowing small businesses to manufacture their products on-site. This integrated approach ensures that entrepreneurs not only develop their ideas but also bring them to life within the same facility. In addition to production support, the park serves as a hub for B2B matchmaking, market access, and networking opportunities, allowing start-ups to connect with established industries and grow within a collaborative environment.
The Inclusive Business Development Park currently hosts 17 innovative start-ups operating in a range of fields, from engineering and design to services. Among the park’s early residents are an electric bike manufacturer, a 3D printing company, and a perfume maker. These ventures are receiving comprehensive support, enabling them to compete and thrive in the marketplace.
The IBDP’s mission goes beyond business development. It is also about creating an inclusive environment where entrepreneurs from all walks of life can collaborate, innovate, and succeed. By providing the necessary infrastructure and fostering a supportive community, the park aims to be a catalyst for economic growth in Peshawar and beyond. As the IBDP continues to evolve, it is expected to play a pivotal role in nurturing local talent and driving entrepreneurial success in the region.
