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A guide exploring the current state of Gwadar, Pakistan. Economic scope of Gwadar and is this a good time to invest in Pakistan’s Gold Port.
Gwadar Focus
BBC NEWS – 18 February 2019
Saudi Arabia has pledged investment deals worth $20bn (£15.5bn) with Pakistan which is seeking to bolster it’s fragile economy.
The deals include funding for an $8bn oil refinery in the city of Gwadar. It comes as part of a high-profile Asian tour by the kingdom’s Crown Prince Mohammed bin Salman.”
KENNETH JARRETT – The American Chamber of Commerce in Shanghai
China’s One Belt, One Road initiative is one of the government’s top priorities and a plan identified closely with President Xi Jinping. It is an ambitious vision coupled with generous government funding and should create business opportunities for foreign companies who can support the plan’s objectives. Our members are paying close attention.
Dostain Khan Jamaldini – Chairman, Gwadar Port Authority
“Gwadar port is modelled on Busan, South Korea and Shenzhen, China. Just as Shenzhen, there will be a port and there will be port-related commerce & industry and port-related city development. The Chinese tell us that it took them ten years to make the Shenzhen Port operational and thirty years to make the port city fully developed. They foresee that Gwadar port could be operationalised in five years and achieve the Shenzhen-level city and port development within ten to fifteen years provided that the basic infrastructure is in place and there is a strong and consistent investment policy for Gwadar.”
GWADAR ILLUSTRATED MASTERPLAN
Explore Gwadar’s current development stages and planned projects to make Gwadar the fastest growing port city.
WHY GWADAR IS A GOLDEN PORT
Gwadar District is situated along the shores of the Arabian Sea covering over 500 miles of coastline in the southwest of Pakistan’s Balochistan province and is representative of the rusty gold desert like terrain prevalent across the province. Close to the middle-eastern region, Gwadar is home to an emerald coloured sea, with moist winds sweeping the dry desert, receiving rainfall in the winters instead of the monsoon, unlike the rest of Pakistan.
Gwadar, which in the local language means “The Gate of Air”. Pakistan’s dream of having a deep water port at Gwadar is nearly as old as its existence. In 1954, Worth Condrick who was commissioned by the US, surveyed the Balochi region and highly recommended Gwadar as a prime point for to build a sea port. The main reasoning behind this was the altitude of Gwadar which extends up to 300m above sea level as well as the deep waters that surrounded the coastal line. Gwadar at this point was under Omani control as it had been for over 200 years. Realising the importance of Gwadar, in 1958, Pakistan paid £3 million to buy back the enclave from the Sultanate of Oman. Read more
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- Easy access and exit
- 15 minutes to Downtown, Business Bay & Dubai International Financial Centre
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- Ideal location between 2 main highways
- Easy access and exit
- 15 minutes to Downtown, Business Bay & Dubai International Financial Centre
- 15 minutes to Dubai International Airport
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