The importance and significance of Gwadar and its port

Pakistan’s third deep-sea port at Gwadar has caught the attention of the world, and is set to make a huge impact in the country’s economy. The port which was constructed and operational in 2007 was handed over to the Port of Singapore Authority. The port however was severely mishandled and was largely neglected, with hardly any development.

But in 2013 the port was handed over to China Overseas Port Handling Company (COPHC), and that is when a series of development were started in the area. Then with the CPEC project being announced the significance of the port increased even more. It is now Pakistan’s most prized and valued venture for numerous reasons.

1- Gwadar Port is warm water deep-sea port which will be able to cater to large container ship, all year round.
2- China has already constructed the first phase of the Gwadar port at cost of $248 million, and has already started on the second phase which will introduce massive upgrades at cost of $1.6 billion.
3- The Gwadar Port is also being built to promote Pakistan at a social level and to revive tourism in the country.
4- The Port and the CPEC project are set to eradicate unemployment and offer more than 100,000 jobs in all of Pakistan.
5- Gwadar port will be the center of three major trading locations, which are Central Asian, Gulf States and South Asian nations.
6- Giant Pakistani companies have invested in Gwadar property which will plan to build various commercial buildings in the city.

Gwadar is supremely located on the western side of the coast of Baluchistan and is on the opposite end of the Gulf of Oman which is a permanent and important course for transporting large number of oil tankers, to the western and eastern countries.

Pakistan will most likely receive overflowing amount of trading goods from China and Central Asia, and they will make their way to Gwadar which will be the main overland trading route. Pakistan could potentially earn huge amounts from handling various payloads, maintaining and re-fueling tankers, imposing charges for trading and cargos. Due to these numerous reasons many global investors are interested in land for sale in Gwadar, with plans to build this city into Pakistan’s next business center.

Comments

Post a Comment

Popular posts from this blog

How will CPEC and Gwadar port be operational in the coming years and contribute to the economy

The City of Gwadar is being developed fast by the governments of Pakistan and China. The fact that it has Pakistan’s biggest deep sea port and it is the starting point of the China Pakistan Eco nomic Corridor (CPEC) gives the city immense strategic and economic value. It should be noted that the success of the CPEC initiative depends on how well the port is functioning. The Gwadar port needs to be fully functional sooner than later, as it needs to be able to work like a port of international standards. To facilitate the growing population of the city various energy and power plants are being developed under CPEC to provide electricity. With advancements to the port and highways improving connectivity, the city will soon be a place of vast number of opportunities. In fact Gwadar property  has instantly become a popular choice of asset and various analysts have predicted that the value of land for sale in Gwadar is expect to rise in the coming future. Pakistan’s ambassador...
Read more

The importance and significance of Gwadar and its port

Image
Pakistan’s third deep-sea port at Gwadar has caught the attention of the world, and is set to make a huge impact in the country’s economy. The port which was constructed and operational in 2007 was handed over to the Port of Singapore Authority. The port however was severely mishandled and was largely neglected, with hardly any development. But in 2013 the port was handed over to China Overseas Port Handling Company (COPHC), and that is when a series of development were started in the area. Then with the CPEC project being announced the significance of the port increased even more. It is now Pakistan’s most prized and valued venture for numerous reasons. Gwadar Port is warm water deep-sea port which will be able to cater to large container ship, all year round. China has already constructed the first phase of the Gwadar port at cost of $248 million, and has already started on the second phase which will introduce massive upgrades at cost of $1.6 billion. The Gwadar Port i...
Read more

Reasons why you should consider investing in Gwadar

China Pakistan Economic Corridor (CPEC) is quickly getting to be life line of Pakistan. The span of the CPEC has been expanded to more than $55 billion after China consented to overhaul the primary railroad line from Karachi to Peshawar at a cost of $8bn. Real part of CPEC program will be spent on vitality tasks to guarantee Pakistan economic welfare and prosperity. Pakistan and every single individual of this nation will gain benefits through CPEC, many major and lesser territories of Pakistan will be immediate recipients of the economic results produced by this venture. The hour of the need for now may be activity in the commercial sector, as more and more private companies are heading towards establishing themselves in the city of tomorrow. The city of Gwadar holds a number of open doors today. Considering the rate at which foreign investors are entering Gwadar, the whole land strip will never again be accessible to small scale investors. Below are some of the reasons...
Read more