How profitable is to invest in Gwadar?
Gwadar Port city offers enormous business opportunities for both foreign and local investors. Gwadar city has the potential to become the industrial crown of Pakistan. Its geostrategic location is very important, and with proper development, it can transform the status of the country forever. Gwadar Free Trade Zone will open up more possibilities and expected to become the “boom “town.
An area of 4,000 hectares is proposed for setting up new industrial development zone in Gwadar. For assembling the plant and other industries, a proper export processing zone is planned. In the north of Gwadar town, it is proposed to have oil storage yard and refinery.
Gwadar Port and the China-Pakistan Economic Corridor (CPEC) will set a new era of industrial development in Balochistan. This province has enormous industrial potential in key sectors like agriculture, fisheries, minerals, and livestock. So a large number of livestock-based, agro-based, mineral-based and fisheries –based can set up in the province. The new proposed industrial zone in the Gwadar will contribute to the joining of Balochistan’s potential in natural resources and the development of large and heavy-scale industries, like manufacturing and petrochemicals.
Gwadar Will Become a Hub of Industrial and Trade Activities
For the proper development of an industrial zone in Gwadar, the government has reserved land of 3000 acres. This Gwadar Industrial Estate will meet the demand of industrial Gwadar plots and will be the best place for modern industries. GIE has located about 40 km from Karwat on Makran Coastal Highway. With the functioning of this Gwadar Industrial Estate, it will become the most significant industrial estate in Balochistan.
More than 1,100 plots are reserve for the industrialists in the Gwadar. This industrial zone is improving the Gwadar plots rate, and industrialists from all across the country are investing in Gwadar Industrial Estate. According to the master plan of GIE, the land will develop in three phases, and around 1000 acres of land would be developed in the first phase.
The industries planned to develop in Gwadar Industrial Estate are small manufacturing, assembly plants: high-tech electronics fabrication, PVC housing & extrusion, fish processing & canning and refrigeration and cold storages. Construction, building, warehousing, buildings, and other industries are also planning to promote this industrial estate in the port city.
Mega Roads and Modern Transport System in Gwadar
The proper development and establishment of Gwadar port are impossible without establishing mega roads and warehousing facilities at Chaman, Taftan and Torkham borders. These roads will make easy and full use of Gwadar Port. There is also a need for reliable, well-coordinated highways, roads and railway network spreading across the Balochistan and interlinking all the major commercial centers of the province. However, CPEC will meet about 35 percent of the streets and highway requirements in Balochistan. Gwadar Port is an integral part of the CPEC project. It involves the construction of railways, highways and energy pipelines connecting Pakistan with Western China and with the Persian Gulf. China and Pakistan have signed 51 deals worth billions of dollars related to the CPEC project.
It also reported that the Asian Development Bank also approves the construction of Gwadar-Saindak Highway. This highway will be spread to the borders with Afghanistan.
Automobile Sector in Gwadar
To establish a proper automobile sector in the country, it is possible that may Pakistan will seek help from China. Our government can organize the private sector for setting up the assembling and manufacturing units in Gwadar. Pakistan automobile market is conquered largely by Korean and Japanese manufacturers like Honda, Suzuki, Toyota, Hyundai, Hino, and Mazda. Chinese and many other foreign manufacturers and in negotiations with Pakistan to start the assembly operations and these manufacturers can also help to establish the new automobile industry in Gwadar. Serious efforts of the government with the coordination of the private sector can help to set up an automobile assembling unit in Gwadar.
Conclusion:
Investing in Gwadar projects such as Coastway Residency Gwadar is one of the ideal opportunities to earn huge potential. It is clear that the port will become the next Dubai in the next few years. Hundreds of new and attractive possibilities are opening in Gwadar and with the setup of Gwadar Industrial Zone; it will change the fortune of the country.
