GWADAR PORT AIMS TO BECOME NEW DUBAI

GWADAR PORT AIMS TO BECOME NEW DUBAI

Over a decade now, Pakistan officials have dreamed of changing the strategically located fishing port of Gwadar into a duty-free port and free economic zone – Pakistan’s answer to Dubai.

The aim is for Gwadar – located at the Arabian Sea close to Iran and the mouth of the Persian Gulf – to become a regional commercial, industrial and shipping hub, as a part of the ambitious China Pakistan economic corridor (CPEC) project.

The corridor is designed to provide China a shorter, highly secure trading route, through Pakistan, to the middle East and beyond, while also boosting Pakistan’s economy.

The dusty ‘next Dubai’ on Pakistan’s coast resembles the original mainly in a single respect – it doesn’t have much water.

Gwadar peninsula – a hammerhead-shaped projection of land into the Arabian Sea – is home to about 100,000 people, following completion of the first phase of the port developmenthowever, as development continues, the area’s population is expected to grow to 500,000 by means of 2020, according to the port authority’s website.

On one aspect of the peninsula is the deep-sea port, built by means of the Chinese state-owned China overseas holding company.

Kings Park Gwadar

Get to know more about investment plans of Residential Plots & Commercial Plots in Gwadar.

Join Our Group
Whatsapp Us