China to set up 'automobile city' in Gwadar

[Hyde]

China to set up 'automobile city' in Gwadar

Owners of local automobile industry have been advised to start joint ventures with Chinese officials

KARACHI (Daily Dunya) - Chinese investors are contemplating to build a chemical and automobile city in Gwadar under umbrella of China-Pakistan Economic Corridor (CPEC).

Sources linked to CPEC project state that Chinese authorities have already initiated paperwork on said projects which reflects their seriousness.

Analysts say it would be difficult for local automobile industry to survive if China establishes an automobile city in Gwadar.

They have advised owners of local automobile industry to start joint ventures with Chinese as this would help in transfer of technology as well as flourishment of local industry.

Earlier, China announced to set up a steel factory under the CPEC apart from various other projects.

China is building a network of roads and power plants under a project known as China-Pakistan Economic Corridor that is expected to absorb $46 billion in Chinese investment in the coming decades.

Gwadar port is located on the Arabian Sea and it occupies a strategic location between South Asia, Central Asia and the Middle East.

The port is also located at the mouth of the Persian Gulf, just outside the Straits of Hormuz.

China is seeking convenient and reliable access to the Arabian Sea and the Indian Ocean. The new route gives China access to the Persian Gulf region and the Middle East.

Source: http://dunyanews.tv/en/Business/376856-China-to-set-up-automobile-city-in-Gwadar

 

[ChineseToTheBone]

The population of Gwadar will expand into the millions in a decade or so. It definitely makes a lot of sense for a multitude of new jobs to be created in that city.

 

[Mrc]

Analysts say it would be difficult for local automobile industry to survive if China establishes an automobile city in Gwadar.

Meaning that $hit which iz assembled locally and sold at 5 times the international market price without any safety features??

 

[kmc_chacko]

Good News for CPEC Project

An automobile city in Gwadar will provide great employment and investment opportunity in Pakistan.

 

[Devil Soul]

China to build automobile city in Gwadar
By APP
Published: February 28, 2017
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PHOTO: AFP

ISLAMABAD: Chinese investors are contemplating to build a chemical and automobile city in Gwadar under the umbrella of the China-Pakistan Economic Corridor (CPEC).

Gwadar to re-acquire status of winter capital

According to a private news channel, sources linked to CPEC project stated that the Chinese authorities have already initiated paperwork on said projects, which reflects their seriousness.

Analysts have advised owners of local automobile industry to start joint ventures with Chinese as this would help in transfer of technology as well as boost the local industry. Earlier, China announced to set up a steel factory under CPEC apart from various other projects.

China is developing the Gwadar port as a strategic and commercial hub under its ‘One-Belt One-Road’ initiative that promises shared regional prosperity. CPEC is one of many arteries of the ‘One-Belt One-Road’

In 2013, Pakistan handed over the Gwadar port to the Chinese company by annulling a deal with a Singapore company that could not develop the port after taking over in 2007. The ECC further approved amendments in the Gwadar Port Concession Agreement for operating and developing the Gwadar port and free zone.

Govt finally allocates Rs25b for Gwadar LNG pipeline

On October 31, hundreds of Chinese trucks loaded with goods rolled into the Sost dry port in Gilgit-Baltistan as a multibillion-dollar project between Pakistan and China formally became operational.

The corridor is about 3,000-kilometre long consisting of highways, railways and pipelines that will connect China’s Xinjiang province to the rest of the world through Gwadar port.

Published in The Express Tribune, February 28th, 2017.

Like Business on Facebook, follow @TribuneBiz on Twitter to stay informed and join in the conversation.

 

[PaklovesTurkiye]

By APP
Published: February 28, 2017

ISLAMABAD:

Chinese investors are contemplating to build a chemical and automobile city in Gwadar under the umbrella of the China-Pakistan Economic Corridor (CPEC).


Gwadar to re-acquire status of winter capital

According to a private news channel, sources linked to CPEC project stated that the Chinese authorities have already initiated paperwork on said projects, which reflects their seriousness.

Analysts have advised owners of local automobile industry to start joint ventures with Chinese as this would help in transfer of technology as well as boost the local industry. Earlier, China announced to set up a steel factory under CPEC apart from various other projects.

China is developing the Gwadar port as a strategic and commercial hub under its ‘One-Belt One-Road’ initiative that promises shared regional prosperity. CPEC is one of many arteries of the ‘One-Belt One-Road’

In 2013, Pakistan handed over the Gwadar port to the Chinese company by annulling a deal with a Singapore company that could not develop the port after taking over in 2007. The ECC further approved amendments in the Gwadar Port Concession Agreement for operating and developing the Gwadar port and free zone.

Govt finally allocates Rs25b for Gwadar LNG pipeline

On October 31, hundreds of Chinese trucks loaded with goods rolled into the Sost dry port in Gilgit-Baltistan as a multibillion-dollar project between Pakistan and China formally became operational.

The corridor is about 3,000-kilometre long consisting of highways, railways and pipelines that will connect China’s Xinjiang province to the rest of the world through Gwadar port.

Published in The Express Tribune, February 28th, 2017.

Like Business on Facebook, follow @TribuneBiz on Twitter to stay informed and join in the conversation.

https://tribune.com.pk/story/1341071/gwadar-china-build-automobile-city/
Well, well and well....

@LA se Karachi @Khan_21 @long_ @Dungeness @Doordie

 

[艹艹艹]

Analysts have advised owners of local automobile industry to start joint ventures with Chinese as this would help in transfer of technology as well as boost the local industry.

It is a very good mode of cooperation.

 

[Dawood Ibrahim]

Alhumdulillah good news lets hope other international companies follow in this directions so it can create jobs and hopefully it will push our economy in a positive path.

MAY Bless this great country of ours with happiness Ameen

@PaklovesTurkiye

 

[PaklovesTurkiye]

Alhumdulillah good news lets hope other international companies follow in this directions so it can create jobs and hopefully it will push our economy in a positive path.

MAY Bless this great country of ours with happiness Ameen

@PaklovesTurkiye

Ameen...Doordie bhai...

 

[Hassan Guy]

I think thats a good thing.

 

[PaklovesTurkiye]

I think thats a good thing.

Welcum bak.... was missing your posts...

 

[NakedLunch]

Analysts have advised owners of local automobile industry to start joint ventures with Chinese as this would help in transfer of technology as well as boost the local industry.

It is a very good mode of cooperation.

Pakistan and China should have greater integration and commonality in economics, military and government. It will bring a lot of stability and growth to Pakistan and give China a strategic secondary route. Win-win for both of us.

 

[Dungeness]

If I were an Pakistani, I would look for an opportunity to own a piece of property in Gwadar now. CPEC is a long term strategic project that Chinese government can't afford to let it fail, and Gwadar is the center piece of this mega project.

 

[Sugarcane]

If I were an Pakistani, I would look for an opportunity to own a piece of property in Gwadar now. CPEC is a long term strategic project that Chinese government can't afford to let it fail, and Gwadar is the center piece of this mega project.

It's already sold, in fact over sold.

 

[Khan_21]

Mashallah future is very bright