CPEC News Private Investment

[Salman]

Private investment house China Pak Investment Corporation has announced its acquisition of the 3.6 million square foot International Port City project in the city of Gwadar, Pakistan.

The investment company will be developing the first of it’s kind $150 million (£111m) gated master community tailor-made for the expected 500,000 incoming Chinese professionals expected in Gwadar by 2022.

The project which is expected to be renamed China Pak Hills 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), the largest unilateral foreign direct investment from one nation into another.