Gwadar, once a little-known fishing village on the shores of the Arabian Sea, is now emerging as a major global port city, due to its prime location at the gateway to CPEC.
The fast paced development for the city is positively life changing for Gwadar’s residents, and there is much more growth to come. Gwadar will link China with markets in Central and South Asia, and with a free zone spread over 923 hectares of land, 500,000 professionals are expected to flow into the city by 2023.
The port of Gwadar has expanded rapidly, and officials expect Gwadar’s cargo handling capacity to increase to 1.2 million tonnes by the end of 2018. By 2022, it will be able to process around 13 million tons, making it the largest and most strategically important port in South Asia.
It is also one of the most secure places in Pakistan as 9,000 Pakistan army soldiers and 6,000 para-military forces personnel were deployed to Gwadar.
Gwadar is seen as similar to Shenzhen, the fastest growing city’ in the 80’s and 90’s. Both started as small fishing villages, experienced huge investment in infrastructure and their ports and have been given special economic status. Today Shenzhen is an economic powerhouse and it is expected that Gwadar will experience a similar expansion, which is why it such a great investment opportunity.