In 2019, it’s been impossible to keep the port city of Gwadar out of the news: At the start of the year, the Balochistan government announced details of their Masterplan for the area which would work to advance plans made under the CPEC deal.
This was followed by news of further investment from Saudi Arabia and then, in February, CPIC Global completed the handover of the first wave of property in Gwadar.
The city could barely take a breath before Gwadar Expo 2019 which brought along significant news from Prime Minister Imran Khan. All of this leads to the question, is now the best time to make an investment in Gwadar?
What updates arose from Gwadar Expo 2019?
Prior to Gwadar Expo at the end of March 2019, it had been confirmed via China that Pakistan’s Prime Minister, Imran Khan would perform the ground breaking ceremony for the city’s international airport. Earlier in the month, sources had suggested that the government would soon be confirming a construction date so it was reassuring to see this report rubber stamped on Friday March 29, 2019.
That development was enough to cause a stir in the property market but when Imran Khan made a ten minute speech to attending dignitaries at Gwadar Expo 2019, there was much more to come.
The Premier announced that Gwadar would soon be adding to the transport network via a cargo and passenger ferry. This would link the city to Karachi and on to Qatar. The Qataris have also expressed interest investing in Gwadar and it’s certainly worth keenly watching any developments.
Additionally, there will be a new rail link connecting Gwadar to Quetta. That’s another significant move but there are many more plans away from the sphere of transport. Imran Khan announced that all families would receive health cards while an important desalination plant would also be constructed in Gwadar.
Is now the best time to make a move?
There are never going to be any firm guarantees but based on the flurry of recent investments, it would suggest that there has never been a better time to invest in Gwadar. As soon as construction got underway on the city’s airport, interest in property purchases was always going to intensify but Imran Khan’s additional announcements can only serve to heighten excitement.
CPIC Global are the market leader in Gwadar real estate and were the first company to complete a property handover in the city at the start of 2019. In total, there are over 3,000 properties in development across 10 million square feet of land so there is plenty of supply but prices have the potential to increase dramatically as the good news surrounding Gwadar continues to build.
The short answer to the original question is indeed to be yes. Existing projects are coming to fruition while new ones are being added so this may well be the optimum time to invest in Gwadar.