Gwadar port to expand Pakistan’s export base, and generate employment opportunities
While talking to media, an official from CPEC Authority has said that industrial units under CPEC will enhance Pakistan’s exports. He also added that Gwadar Port Free Zone Phase-I which is based on 60 acres of land has already attracted 46 investors, while 12 factories have been set up. He added that Free Zone Phase-II which comprises of 2,200 acres will be completed by September this year, based on 2,200 acres and help attract even more foreign, and local investment. He also highlighted that the port has created 12,000 job opportunities during the last two years.
ISLAMABAD: The establishment of industrial units in Gwadar Port under China-Pakistan Economic Corridor Projects would enhance the volume of local exports as construction of 04 berths had been completed. The port started its operations in 2020, which was completed by China Ports Holding Company with a total cost of $300 million, said an official of China-Pakistan Economic Corridor Authority.
Talking to APP here on Monday, he said that Gwadar Port Fee Zone Phase-I, which was comprising on 60 acres were also completed and about 46 investors invested in these zones. He said there were about 12 factories in these free zones and out of the total, construction work on 03 factories have been completed so far.
The free zone phase-II, which would be comprising on 2,200 acres would be completed by September this year and it would help to attract more foreign as well as local investment, he added. He further informed that Eastbay Expressway, New Gwadar International Airport, China Pakistan Friendship Hospital, Gwadar Technical and Vocational Institute and Gwadar Free Zone were operated by China Overseas Ports Holding Company.
He said that free zones project under CPEC would be completed in four phases and the project would be fully materialized by 2030, which would play vital role in economic development of the country.
Meanwhile, he said that construction on Eeastbay was in its final stage and its completion would be a significant way forward and bring smoothness in traffic flow in port to safe time and cost of transportation of goods.
He said that the Eastway Express Way, Gwadar Port and free zone would be connected with all major national roads and high ways.
He said that the port had created 12,000 job opportunities during last two years, adding that facility of online booking for goods transportation was also available.
The construction work on Gwadar Airport was in full swing, he said adding that master plan for Gwadar City had also been approved and it was also in its implementation stage.
Pakistan, China seek to enhance educational exchanges through BRI Forum
ISLAMABAD – Pakistan and China have expressed their willingness to further enhance …
CPEC’s second phase to drive business investment in Pakistan: Finance Minister Muhammad Aurangzeb
WASHINGTON: Finance Minister Muhammad Aurangzeb has said that the China-Pakistan Economic Corridor (CPEC) has …
