Keenjhar Lake Resort Project - Sindh Board Of Investment ...

Recreation zone
The developer has significant flexibility with regard to this development package. The area shall only
be used for commercial activities, i.e. no farmhouses or residential component shall be included. The
following development components have been identified in this development, but additional elements
are permitted if the developer/resort operator deems appropriate:
Entertainment zone:
1. Theme Park
2. Amusement Park
3. Water Park
4. Food Court
5. Lakeside pier, with boating, sailing and other eco-friendly water sports in a limited lake area
annexed to this zone
6. Indoor games (bowling, gaming zone, etc.)
7. Museum
8. Other entertainment facilities deemed appropriate
Commercial District
1. Medium cost hotels/motels/
2. Shopping malls, with food courts, and Cineplex
3. High street with shops for local souvenirs and handicrafts
4. Indoor Restaurants
5. Lake side pier, with provisions for managing waste disposal so as to ensure that the lake is
not polluted.
Master planning and development plan
The developer shall be expected to have a detailed design and feasibility report for this development
within six months of signing the Concession Agreement and shall submit its business plan, indicating
the components in the entertainment zone, to the GoS through a special purpose vehicle company to
be established by the GoS for the Project (the “Keenjhar Project Company”). Master planners
specialising in the development of theme parks should be selected for development of the master
plans for this Project to ensue that matters relating to international safety, health and environmental
standards are complied with and kept in the design philosophy. In case a resort operator of
international repute is brought in as a development partner, their master plan for the development
would be acceptable if they have qualified professionals for this task in-house and can provide
examples of how this has worked in other locations in which they are operating. However, the same
standards of safety and environmental standards would be expected.
Options to Sub-lease
The Developer would have the flexibility to sub-lease the different components of this recreation zone
to different developers, however the Developer will continue to remain responsible for the overall
operations and maintenance and may recover charges for this from his sub-lessees. However, the
sub-lease and developing and operating agreements for components to be sub-leased would be
subject to approval by the GoS through the Keenjhar Project Company.
Standardized agreements and sub-lease documentation are required to be developed and their
contents agreed with Keenjhar Project Company in advance. The purpose of this is to ensure that the
principle elements of the sub-lease and development agreements are approved and subsequent
variations that are subject to negotiations with parties are kept to a bare minimum.
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Keenjhar Lake Resort Project - Project Information Memorandum