Gwadar port city development project | News and Updates
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SSGcommandoPAK
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ghazi52
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Mangrove plantation in 8 km seedbeds, raised by IUCN Pakistan & GDA at Shabbi creek, Gwadar. After successful completion of IUCN 2010 project, GDA is looking after & managing plantations for efficient results.
ghazi52
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A Saudi delegation has agreed to install the world’s third largest oil refinery in Gwadar city so Central Asian countries can be supplied.
They made this commitment during their visit on Tuesday.
The refinery will also meet the oil needs of Pakistan and China.
The delegation is headed by the Saudi foreign minister who was joined by the minister for petroleum.
The chairman of the Gwadar Port Authority briefed the team about the free economic zone. Gwadar Development Authority Director-General Dr Sajjad Hussain told them about the CPEC project. The delegation visited the port and desalination plant.
The Kingdom has been invited to invest in an 80,000-acre ‘mega oil city’ in Gwadar. The oil imported from Gulf countries will be stocked here.
The Saudi delegation showed a keen interest in investment and expressed satisfaction with the security arrangements.
A Chinese-national wearing a white shalwar kameez with a black waistcoat also briefed the delegation.
Saudi companies will construct the motorway and railways network in Balochistan.
Indus Pakistan
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ghazi52
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$ 474 m invested in Gwadar free economic zone
Around 30 companies are setting up their businesses in the zone
BEIJING: Gwadar Port Authority Chairman Dostain Khan Jamaldini has said that at least 30 companies in different businesses such as hospitality, banking, logistics and fish processing have entered the free economic zone in the port city with direct investment of about $ 474 million.
“The first phase of Gwadar free zone has already been inaugurated,” Jamaldini said in an interview with China Global Television Network on Friday.
Commenting on the progress and achievements over the years, he said the Gwadar Port connectivity, collection and production areas were now almost ready. “We are receiving a ship on a weekly basis from Cosco, a Chinese company which is one of the largest in the world,” he said. “It is calling at Gwadar Port regularly.”
He expressed hope that with the start of industrial production in the Gwadar free zone, the frequency of ships would increase.
“There are many corridors linked through the Belt and Road Initiative (BRI) announced by Chinese President Xi Jinping five years ago,” Jamaldini added. “However, the most viable, most active and most swiftly implemented component is the #China-#Pakistan Economic Corridor (#CPEC).”
He pointed out that CPEC was linking Pakistan not only with western China but also with Central Asian countries. “CPEC became the flagship project of the BRI, aimed at providing new opportunities to the people of both countries,” he said. “It will give a fresh impetus to the Sino-Pakistan friendship.”
In 2015, the Gwadar Port was officially leased to China for 43 years. Since then, the port has been developed under CPEC at a cost of $ 1.62 billion with the objective of linking northern Pakistan and western China.
In 2016, construction began on the Gwadar Special Economic Zone. The multimillion-dollar Gwadar Port, a key component of CPEC, is now operational
Around 30 companies are setting up their businesses in the zone
BEIJING: Gwadar Port Authority Chairman Dostain Khan Jamaldini has said that at least 30 companies in different businesses such as hospitality, banking, logistics and fish processing have entered the free economic zone in the port city with direct investment of about $ 474 million.
“The first phase of Gwadar free zone has already been inaugurated,” Jamaldini said in an interview with China Global Television Network on Friday.
Commenting on the progress and achievements over the years, he said the Gwadar Port connectivity, collection and production areas were now almost ready. “We are receiving a ship on a weekly basis from Cosco, a Chinese company which is one of the largest in the world,” he said. “It is calling at Gwadar Port regularly.”
He expressed hope that with the start of industrial production in the Gwadar free zone, the frequency of ships would increase.
“There are many corridors linked through the Belt and Road Initiative (BRI) announced by Chinese President Xi Jinping five years ago,” Jamaldini added. “However, the most viable, most active and most swiftly implemented component is the #China-#Pakistan Economic Corridor (#CPEC).”
He pointed out that CPEC was linking Pakistan not only with western China but also with Central Asian countries. “CPEC became the flagship project of the BRI, aimed at providing new opportunities to the people of both countries,” he said. “It will give a fresh impetus to the Sino-Pakistan friendship.”
In 2015, the Gwadar Port was officially leased to China for 43 years. Since then, the port has been developed under CPEC at a cost of $ 1.62 billion with the objective of linking northern Pakistan and western China.
In 2016, construction began on the Gwadar Special Economic Zone. The multimillion-dollar Gwadar Port, a key component of CPEC, is now operational
Imran Khan
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i can see new Karachi is born here
jupiter2007
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It’s going to another multiethnic city with vibrant economy. Arabs and Iranians will also be able to invest in it.
Star Expedition
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Gwadar's location is a gift to Pak
SSGcommandoPAK
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