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Gwadar – The Opportunity Is Now.
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Pakistan’s Gwadar will be the gateway city to the $62 billion dollar CPEC project – set to be one of the game changing mega projects in the region. As both countries – China and Pakistan - stands to benefit from the long endeavor, it is important to highlight the role the port will play in bringing the two countries closer, along with trade from the region to around the world.
The port will be an integral part of the CPEC project, which will connect to the Xinjiang region of Northwest China. Gwadar Port is situated on the western end of Baluchistan coast, and has a 600 kilometer-long coastal belt with beaches and bays. Furthermore, the Strait of Hormuz is just 620 km from Gwadar, the most important route of oil tankers bound for Japan and west, witnessing over 20% of the world’s oil passage. There is no doubt that Gwadar is set to be a mega seaport, revolutionising and fulfilling the requirement of three extremely important regions – the oil rich Middle East, whole of the South Asia and Western China.
With the help of Chinese companies, and a budget of $250 million, the first phase of Gwadar port construction was started. China had provided $198 million out of it and China also has invested $200 million to build a coastal highway to connect Karachi and Gwadar ports. Other factors that make it even more attractive include development of industrial zone, oil storage and refining facilities right beside the port and export chances of mineral resources present in Baluchistan.
This will be followed by the start of the second phase of the project development. Some of the key highlights from the second phase include – 4 container berths, 1 bulk cargo terminal, 1 grain terminal, 1 Ro-Ro terminal and 2 oil terminals to handle 200,000DWT ships.
The second phase is expected to cost $840 million. A Chinese consortium has offered to provide a large part of the $840 million required to construct the second phase of the port. China is in the process of building a refinery as well as a strategic oil reserve facility. A huge stainless steel factory is a part of the second phase of construction and it would create thousands of jobs and constant source of income for the locals. Other villages around Gwadar are expected to flow into Gwadar as the development continues.
With the CPEC taking shape, the property market in Gwadar is performing well compared to other key cities in the country. It’s because the plot price in Gwadar is 5-7 times lower than similar plots in Karachi, Lahore and Islamabad. In the last two years, Gwadar property prices have increased by 500%.
This shows the massive investment in Gwadar real estate sector. Gwadar real estate sector is still very lucrative and can offer high returns on investment are best in term of living and establishing business due to prime location. Market research is necessary in order to maximize the chances of gaining from the investment in Gwadar Real Estate.
op International Engineering Corporation (TIEC) and China Pak Investment Corporation (CPIC) have partnered up to develop China Pak Hills – a prime real estate available in the heart of Gwadar. Spread across one square-kilometer, it’s a mixed-use community that has been tailor-made for the influx of foreign working professionals – a place where they could work and play. With 50% of the development dedicated to sustainable practices such a recycling unit, dedicated desalination plant and public spaces, it has set a new benchmark for property investments in Gwadar.
The property landscape is ever-changing. An investment in China Pak Hills is bound to give you unrivalled returns in the future. The time to invest is now, in Gwadar. To know more on this unique, once-in-a-lifetime opportunity, drop us an email on firstname.lastname@example.org or check out our website on: www.chinapakhills.com
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