In the past few decades, the sleepy fishing village of Gwadar in southwestern Pakistan has been transformed into one of the largest potential areas of South Asia in terms of trade and investment. Your investment in Gwadar industrial land or residential land would be the wisest decision. As a strategic port in the Baluchistan province for the opening of the Hormuz Strait in the Arabian Sea, this area is an essential focal point for the Pakistani government. In 2015 a 1.62 billion US dollars development program began in the city.
Quickly until January 2019, the Pakistani Prime Minister repeatedly confirmed his country’s commitment to the port’s development.
Why invest in Gwadar Residential Land or Industrial Land!
The city has long been watched by real estate investors in Gwadar, and all the latest news indicates another exciting period in the city’s history. Plans for 2019 are particularly important. Therefore it is the optimal time for investing in Gwadar real estate in both terms, which are Gwadar industrial land or Gwadar Residential Land.
Gwadar is compared with other success stories around the world, such as Shenzhen, and also described as “the next Dubai”. As we will see, there are many reasons why this is not just a bold claim.
The Role of China in the Development of Gwadar!
Regarding China, Gwadar region development is an integral part of its future economic plans. The Chinese government has heavily invested about 62billion US dollars in the development of Gwadar as 5trillion US dollars Belt and Road Initiative (BRI) and the China-Pakistan Economic Corridor (CPEC). Trade and industry between the two nations are the keys to the development of Gwadar.
So, it is a golden time to invest either in the Gwadar industrial land or Gwadar Residential Land. Pakistan and China together have formed a powerful alliance that has significantly increased the value of Gwadar real estate in recent years.
Importance of CPEC as Per the Location of Gwadar
China has a significant financial interest in Gwadar. Its importance is evident to Pakistan, but for the Chinese government, Gwadar is the gateway to key markets in Central and South Asia. As part of the broader China-Pakistan Economic Corridor (CPEC) project, the Chinese government has allocated over 1billion US dollars to finance some construction projects while trying to improve the infrastructure of the city and surrounding areas.
This general commitment covers the financing of major transport routes, such as 140 million US dollars amount which was committed to completing the East Bay expressway, which is ideal for connecting the port to the main coastal highway of Makran.
There are very massive amounts which are at stake, and this confirms the significance of investing in Gwadar industrial land and Gwadar Residential Land.
Development in Gwadar
The expansion of Gwadar project is fast, and in 2016 it was confirmed that China Overseas Port Holdings Company will stand behind 2billion US dollars of infrastructure projects.
This investment is aimed at expanding the more comprehensive Gwadar Special Economic Zone, which already plays a crucial role in supporting the development of industry and increasing the cargo capacity of the port.
It increases the importance of Gwadar industrial land, and there has been rapid progress in recent years, and the city is expected to provide 923 hectares of land for a free zone. About 500,000 professional employees plan to enter the region from now to 2023.
Bottom Line: Everyone will need jobs and lives, which is why every real estate investor currently monitoring the development of moving to real estate in Gwadar is definitely logical. The overall impact of development and the investments of two big countries of Asia make Gwadar industrial land and Gwadar Residential Land most worthy of your money for investment.