Gwadar, the Jewel of CPEC

By November 27, 2020January 14th, 2021No Comments

Pakistan and China are close strategic partners, creation of economic interdependence between them is an easy task. The geographical proximity and the opportunity to develop the least developed parts of China and Pakistan allow them to foster economic interdependence for mutual economic advantage. This economic interdependence increases integration, trade promotion, and many related activities such as investment flow, transfer of technology, building of new economic infrastructure, new job opportunities and industries.

Pakistan has its own interest to pursue a closer economic relationship with China to offset pressures in the region. Therefore, strategically both Pakistan and China can cultivate strong economic and strategic benefits from Gwadar and the CPEC.

Located at the top position of North Arabian Sea, Gwadar helps Pakistan connect with four important and resource-rich regions of the world: South Asia, China, Central Asia, and Iran.

The ambitious One Belt One Road, Maritime Silk Road, Gwadar airport, oil refinery and Gwadar trade center projects are all series for the advancement in Gwadar, in short it is an area of golden sand.

As part of the CPEC and by extension, that of the silk route initiative, Gwadar holds pivotal importance. The port city of Gwadar is a center of network and an irreplaceable trade for the silk route. Through its deep-sea port, Gwadar has helped China and Pakistan understand the objective of 21st century maritime silk route, which will profit China and Pakistan, but also Central Asia by turning into the region’s key entry point.

Gwadar Port is situated on the shores of the Arabian Sea in the city of Gwadar, located in the Pakistani province of Baluchistan. The port is 533 km from Karachi and 120 km from the Iranian border approximately. It is located 380 km (240 miles) away from Oman and near key oil shipping lanes from the Persian Gulf. The greater surrounding region is home to around two-third of the world’s proven oil reserves. It is also the nearest warm-water seaport to the landlocked but hydrocarbon rich Central Asian Republics as well as Afghanistan.

The CPEC, however, plans not to confine Gwadar to as an associating port only, but enhances it as a financial center that will take into account the neighborhood population by improving their living.

China will grant Pakistan $230 million to construct a new international airport in Gwadar. The new airport would be able to accommodate the largest aircraft such as A380. The project would comprise a modern terminal building with cargo terminal having initial handling capacity of 30,000 tons per year.

In addition to CPEC, the total worth of transportation project is $11 billion. Few of them include; Floating liquefied natural gas facility for Gwadar and Nawab-Shah, which has been initiated. The worth of this project is $2.5 billion. Economic zones of China are planned to be constructed with the total worth of $2 billion. 1100 KM roads that will connect Gwadar to Turbat, Punjgor, Baseema, and Khuzdar. Power plant with the capacity to generate 300 Mega Watt of electricity and construction of schools, hospitals, colleges and universities.

The real estate business in Gwadar is inviting investors across the country as the city is being deliberated as a business center point in not so distant future. Over the last year, the land costs in the city have appreciated exponentially due to the infrastructural developments being executed and the initiative by China-Pakistan Economic Corridor.

Because of all the industrialization and developmental progress in Gwadar, many new housing societies have also emerged in the city. One of them is Green Palms Housing Project by Rafi Group. Developmental work is in full swing.

Rafi Group has been known for its mega projects throughout Lahore since 1978. Green Palms Housing Project in Gwadar is an investment opportunity for the ones looking for a luxurious housing scheme. It is located on prime land adjacent to Makran Costal highway with the front of 1 km. This project offers ultimate lifestyle with every facility including fully carpeted roads, state of the art hospitals, international standard schools, community club, modern sewerage systems, disposal systems, water treatment plant and much more, making it a great place to invest.

Green Palms offers each and every facility just around the corner, be it the landscape plazas, comfortable working space, Gwadar’s most popular neighborhoods, world class entertainment or retail choices.

Gwadar is a remarkable new chapter in the book of best investment opportunities. We do recommend this for long-term investments. With the development of CPEC, It is going to yield gold. It is definitely going to be a ‘land of opportunities’ for the real-estate investors. The prices are going to surge with every passing day; therefore, if you are planning to invest, now is the time.

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