by ZeeShan Kahloon 
There are huge prospects for various countries to invest in Gwadar. Several ventures are being carried out under the initiative of the China-Pakistan Economic Corridor in the port city. The city of Gwadar has been underdeveloped and barren until now. Gwadar City and Gwadar Port are attracting big investments from China with its multi-billion dollar China Pakistan Economic Corridor (CPEC) initiative.
Latest Development Updates: CPEC & Gwadar Master Plan 2020
The first phase of the Gwadar master plan is underway, and because of the Corona Pandemic, growth in Gwadar is not hindered. Gwadar has to be built within a fixed time frame as it is a planned port city, so the construction of Gwadar and Gwadar Port functions are not affected by the pandemic of COVID-19.
Gwadar Master Plan Phase 1 – Orientation and Land Categories
The short-term development stage of the Gwadar Master Plan is focused on a five-year period between 2020 and 2025. The Gwadar Master Plan was launched in September 2019 and is a comprehensive Gwadar Master Plan covering Port City’s overall growth. The Master Plan divides Gwadar’s growth into three distinct short, medium, and long-term stages.
Multiple colors suggesting different land categories are seen in the Gwadar Master Plan, and this colorful region on the Master Plan falls in the short-term planning stage. It reflects various categories of land with different terms and characteristics given below.
- Existing Area
- Industrial Land (M0, M1, and M2)
- Business & Commercial Land (B1 and B2)
- Ware House Land
- Business and Residential Mixed Land (B&R)
- Residential Land (R1, R2, and R3)
- Community Service Land
- Recreational Land (REC 1, REC 2, Rec 3, Rec 4, and Rec 5)
Just 30% of Port City’s land is covered by the above-mentioned categories of land, while the rest of 70% is designated as reserved land to be used according to Gwadar’s real development needs. Basically, with East Bay and West Bay, Gwadar’s naturally carved form makes it easy for us to understand the Gwadar Master Plan’s land categorization and dynamics.
Port Gwadar Remains Operational In The Midst Of The Corona Pandemic
Despite the Corona pandemic, Gwadar Port, a main project under the China-Pakistan Economic Corridor (CPEC) umbrella, is functioning well. Gwadar Port Commenced, located in the southwest province of Balochistan, performs its function as an economic transit stop and a time-saving trading port.
The port followed the applicable rules and put some of the ventures in the nearby Free Trade Zone on hold as Pakistan went into lockdown a few weeks ago. The growth of companies to draw international investors has also come to a temporary halt. Gwadar Port itself has been sealed off to outsiders and it has reduced the amount of non-essential visits, but it still works for some important trade relations.
In the long run, CPEC construction would not be affected, although it may face a slowdown in the short run.
Special Economic Zone Rashakai Under The CPEC
Chinese President Xi Jinping is preparing to visit Pakistan to inaugurate the China Pakistan Economic Corridor megaproject, the Special Economic Zone of Rashakai. In the Nowshera district, the Rashakai Special Economic Zone covers more than 778 acres of land, which is scheduled to be completed over six years in three phases.
Chinese President Xi Jinping is expected to visit Pakistan by mid-year to inaugurate the CPEC Special Economic Zone Rashakai mega-project. In November 2019, the Earlier Rashakai Special Economic Zone was expected to be inaugurated but was postponed due to certain uncongenial reasons and a lack of local utility services.
Government Vows To Provide Rashakai Special Economic Zone With Cheap Electricity
At Rashakai SEZ, the government has ensured the supply of utility facilities and infrastructure. In addition, in one year, the provincial administration vowed the supply of over 60 MW to the city. In order to address the lack of energy, the government has decided to generate cheap electricity from the resources available in the region.
This low-cost electricity would meet the energy requirements of industrial units in the Special Economic Zone of Rashakai so that industrialization in Khyber Pakhtunkhwa could also be encouraged. Furthermore, the provincial administration decided to supply cheap electricity to the Khyber Pakhtunkhwa domestic and business sectors.
The First Investment Company To Launch In The Free Zone Of Gwadar
The China Pakistan Economic Corridor (CPEC) is undergoing its most influential process, aimed at optimizing Pakistani jobs and investments. Shipments of the first imported materials for the first investment company in the Gwadar Free Zone have recently arrived at the port of Gwadar.
Under CPEC, Gwadar Free Zone is to host the first investment company for which imported material arrived a few days back at Gwadar Port. The second phase of the China Pakistan Economic Corridor has reached its most productive level, aimed at achieving the best growth in the country.
The start-up of an investment company in the Gwadar Free Zone would increase the attractiveness of more investments and open the door to more opportunities in the region for companies in Gwadar. Under the CPEC, as set out below, Pakistan has set three main goals to be accomplished in the immediate future.
- 1st Target (2020): Period of Market Cultivation
- 2nd Target (2025): Period of Expansion and Development
- 3rd Target (2030): Period of Maturity
Plantation of Trees at Airport Road Gwadar
The Gwadar Development Authority (GDA) is aggressively implementing Gwadar Development to establish investment opportunities in Port City at the same time. As per the Clean and Green Gwadar Scheme, the Government of Pakistan is keen to make Gwadar a smart city with an eco-friendly environment and planting trees along main roads is underway.
Currently, GDA is planting Airport Road Gwadar date trees and other plants to enhance the beauty and climate of the developing port city. Similarly, as per the preliminary phase of the Gwadar Master Plan, activities at Gwadar Port and other infrastructure projects in the region are also in full swing right now.
Best Option For Investment Opportunities in Gwadar
Gwadar Real Estate as a whole provides lucrative investment options, but Gwadar Open Land is still very competitive compared to other lands. Investing in residential firms or any of the other residential properties would earn you a potential return of about 40 lacs to 60 lacs. Investment in Gwadar Open Land, however, would get your income back to crores.
Gwadar Open Land is a large piece of land accessible at various places in Gwadar. You will make an investment in acres of land here. Prices are fair and innovation is very profitable.
Types of Gwadar Open Land:
- Road front Land
- Sea Front Land
- Closed Land
Size of Gwadar Open Land
Gwadar Open land area ranges from 1 acre to 1,000 acres. You can conveniently purchase a wide area of land, as it is accessible in a number of mouzas situated in Gwadar.
Price of Gwadar Open Land
The starting price of Gwadar Open Land ranges from 1.5 lacs per acre to 65 lacs per acre. There is a price gap based on the location of the property.
Other than that, Gwadar Golf City, a project by BSM Developers offers immense investment opportunities for commercial and residential properties. For more information regarding plot prices, contact us today at +923000900188.
