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Chinese Construction Giant BIDR Added to CPIC Portfolio

CPIC, the only award-winning real estate developer focused on the China-Pakistan Economic Corridor (CPEC) has signed a significant new construction deal with BIDR, a Chinese state-owned mega construction conglomerate.

The brand new agreement covers CPIC’s mega projects in Gwadar comprising over 10 million square feet of prime residential and commercial real estate namely International Port City and China Pak Golf Estates, both of which are GDA approved CPEC projects.

CPIC Global are the world’s leading CPEC focused developer with current projects under development worth over $500 million. BIDR is one of China’s most important Class A investigation and designing firms, a top-level consultancy owned by the Ministry of Water Resources.

Commenting on the occasion Zeeshaan Shah, Founding Board Member of CPIC Global said: 

“This is a momentous occasion for us tying up with BIDR. We are setting a new standard for community development in Pakistan and working with a global leader like BIDR will enable us to deliver our projects on time and on budget”. 

Reflecting on the current situation in Gwadar, Mr. Shah said: 

“The progress over the last 12 months in Gwadar has been phenomenal, the Port and Free zone are both now fully operational and 30 companies from Pakistan and China have committed almost $500 Million to developing their industries there. The dream of a Gwadar becoming a key economic hub of Asia is not far away now”.

Mr. Shah also commented on Pakistani Prime Minister Imran Khan’s recent visit to China:

“The Chinese invested in Pakistan at a time when others snubbed us. China and Pakistan are all weather friends and China reiterated this by committing to help Pakistan with the balance of payment situation. The trip was particularly encouraging for Gwadar with both sides reiterating the significance of Gwadar as the central pillar of CPEC and agreeing to further expedite development of the Port and its auxiliary projects”.

Read more on the Senate of Pakistan website here.

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