Post Reply 
 
Thread Rating:
  • 0 Vote(s) - 0 Average
  • 1
  • 2
  • 3
  • 4
  • 5
China Pak Investment Corporation Mega Project Gets Green Light From GDA Gwadar
02-10-2018, 05:05 PM
Post: #1
China Pak Investment Corporation Mega Project Gets Green Light From GDA Gwadar

China Pak Investment Corporation


Leading private investment house China Pak Investment Corporation today announced that it has received full Government approvals for its 3.6 million square foot mega development 'International Port City' in the boom town of Gwadar.
The announcement comes at a time of great excitement for Gwadar with the inauguration of the first phase of the Gwadar Freezone by China Overseas Port Holding Company (COPHC) this past Monday. Works on the Freezone were carried out in record time and according to COPHC, some 30 companies in different businesses such as hotel, bank, logistics and fish processing have entered the free zone with direct investment of about 474.3 million U.S. dollars and are expected to output annual value of 790.5 million U.S. dollars after full operation.
Officials expect Gwadar's cargo handling capacity to increase to 1.2 million tonnes by the end of this year and it will be able to process about 13 million tons by 2022, making it the largest port in South Asia.

Chinese partners say they would need around 38,000 skilled workers by 2023 for operations of the Free Zone alone, according to Dostain Jamaldini, Chairman of the Gwadar Port Authority. He says of the 2,500 current workers, around 500 are Chinese nationals and the rest are locals.

International Port City


International Port City hails an exciting new phase in the development of the Port of Gwadar, the 'Gateway City' to the $62 billion China Pakistan Economic Corridor (CPEC).

Hao-Yeh Chang , corporate communications director for China Pak Investment Corporation commented, "We believe Gwadar is following in the footsteps of Shenzen which represented a historic population rise, from a population of 30,000 in 1980 to 11 million people in 2017. Gwadar is poised to see massive population growth due to incoming industries and we will deliver the social infrastructure required to feed this growth".

The China Pak Investment Corporation has revised the scheme's plans in line with international developments standards and has received full government approvals included restoration of NOC from the Gwadar Development Authority.

The $150 million gated master community will feature a range of state-of-the-art amenities including an open-air shopping boulevard; indoor shopping mall; restaurants and eateries; an international school & nursery; six community parks; indoor and outdoor sports facilities including tennis courts and a resident's gymnasium; a water desalination plant and recycling centre. International Port City will also be home to the Gwadar Financial District, catering to the growing financial sector and adding much needed A Grade office space to Gwadar's growing market.

The launch of International Port City was held this past weekend on the 27th-28th of January 2018 at the prestigious Grosvenor House Hotel on Park Lane in London's Mayfair. The first phase was sold out at the event and a limited number of plots are expected to be released in the coming weeks for private sale with roadshows planned across the UK, USA and Middle-East.

China Pak Investment

"Building communities for a brighter tomorrow"

China Pak Investment Limited is a privately held investment company focussed on real estate investment opportunities within the $62 Billion China Pakistan Economic Corridor. With a diverse mandate CPIL focus our investments within the infrastructure development, energy & power generation, agriculture, science & technology, real estate, education and tourism sectors on both a private to private and private to government basis.

Reference Link:
https://www.prnewswire.com/news-releases...ation.html

For More Latest News About Gwadar CPEC must be visit:
http://www.gwadarrealestate.pk
Find all posts by this user
Quote this message in a reply
Post Reply 


Possibly Related Threads...
Thread: Author Replies: Views: Last Post
  China has both commercial and military interests in Pakistan's Gwadar port LRE-Azan 0 363 02-10-2018 05:12 PM
Last Post: LRE-Azan
  China wants Chabahar Port linked with Gwadar Port LRE-Azan 0 194 01-01-2018 05:42 PM
Last Post: LRE-Azan
  Booking Details of Green Palms Gwadar January 2018 LRE-Azan 0 270 01-01-2018 02:10 PM
Last Post: LRE-Azan
  Sangar Housing, Gwadar Detailed information By Gwadar Real Estate® LRE-Azan 0 284 12-26-2017 06:08 PM
Last Post: LRE-Azan
  Govt asked to review accord with China on Gwadar LRE-Azan 0 186 11-27-2017 04:46 PM
Last Post: LRE-Azan
  China and Pakistan have agreed to move ahead on the segment of China’s OBOR LRE-Azan 0 194 11-24-2017 05:12 PM
Last Post: LRE-Azan
  China had provided Rs22.25 billion for construction of Gwadar International Airport LRE-Azan 0 253 11-18-2017 05:30 PM
Last Post: LRE-Azan
  Expo Gwadar 2018 at Gwadar Exhibition Hall LRE-Azan 0 1,681 11-17-2017 01:47 PM
Last Post: LRE-Azan
  China’s firm conditions force Pakistan to drop PoK dam project in CPEC LRE-Azan 0 193 11-16-2017 03:45 PM
Last Post: LRE-Azan
  Mega Project CPEC Development LRE-Azan 0 232 11-15-2017 03:04 PM
Last Post: LRE-Azan
  Green Palms Gwadar development work started on ground Update LRE-Azan 0 295 11-08-2017 01:56 PM
Last Post: LRE-Azan
  China Turn Gwadar into a Asia Biggest Point For Trade Regional Herculean LRE-Azan 0 263 11-03-2017 02:02 PM
Last Post: LRE-Azan
  China Development and Strategy In Gwadar Port Salman 0 295 10-28-2017 04:12 PM
Last Post: Salman
Cool Iran to connect Gwadar port with Chahbahar for trade with China Salman 0 252 10-17-2017 06:25 PM
Last Post: Salman
  China Pak Investments Acquires Project in Gwadar Salman 0 215 10-10-2017 05:49 PM
Last Post: Salman
  China realises urgent need of a new international airport in the port city Gwadar Salman 0 207 10-06-2017 05:00 PM
Last Post: Salman
  Green Palms Gwadar Available On 2 And 3 Years Installments Payment Plan 25 Sept 2017 Salman 0 299 09-25-2017 03:46 PM
Last Post: Salman
  Green Palms Gwadar Files Installment plan Salman 0 311 09-22-2017 02:13 PM
Last Post: Salman
  Green Palms Gwadar Available Salman 0 216 09-21-2017 04:05 PM
Last Post: Salman
  Green Palms Gwadar Files Salman 0 250 09-19-2017 04:30 PM
Last Post: Salman

Forum Jump:


User(s) browsing this thread: 1 Guest(s)