New Magnet of the World Trade
Gwadar is a port city on the southwestern coast of Balochistan, approximately 650 kilometers to the west of Pakistan’s largest city, Karachi, connected with Makran Coastal Highway.
Economic analysts predicts that Gwadar, is rapidly turning into the main hub of international trade with everlasting business and commercial activities, which has all the potential to play the vital role in boosting the economy of Pakistan and the whole region.
Gwadar is on of the deepest seaport of the world, and the Government of Pakistan has declared it a duty-free port while a free economic zone has already been established there. This step has not only enhanced its commercial worth manifold but has also accelerated the pace of development to an incredible speed. Its location at the entrance of Strait of Hormuz and being connected through CPEC with more than half of the world with roads, railways, pipelines and sea-routes, provides enormous economic opportunities not only for Pakistan and China but also for other countries of the regions, like Central Asian Republics, Europe, Turkey, Iran, India, Middle East, Gulf States, and Africa.
Owing to all these aspects Gwadar is going to be the new magnet of the world trade in the near future, and the prime commercial locations of this city, like Marine Drive and Padi Zer Boulevard, Balochistan Broadway and Jinnah Avenue, will be the topmost venues of mega national and multinational business organizations, entrepreneurs and traders in multiple business fields from all over the world.
Gwadar is an ideal place to emerge as attractive tourist destination due to its beautiful virgin beaches, sea life, large open spaces and its proximity to the Gulf. The beaches in Gwadar area are the finest in the world, offering sunshine round the year. These beaches can be developed and exploited by the hotel, recreational and tourist industry to their high prospects. Gwadar Development Authority (GDA) has proposed an exclusive self-sustaining tourism resort for the foreign tourists and beach lovers on the west bay including a Mariano’s store.
Nature has bestowed Gwadar with the honor to be the deepest seaport of the world, it means that the mother ships can come directly at the port and can be unloaded and loaded without the help of feeder vessels, which saves lot of time and money. This aspect of Gwadar will lead it to become the largest seaport and main hub of international business and trade in the region. After the completion of first phase of its construction with close cooperation of China in 2006, the new phases of construction are currently underway as part of planned improvements under CPEC and other ancillary projects. It will be the largest business center of the world and being the only deep seaport in the region will be used by the mega cargo and oil vessels from all over the world.
Biggest Free Seaport
As the Govt. of Pakistan has declared Gwadar a free seaport and offered very attractive incentives, like 40 years tax holidays and thousands of acres of free economic zone exempted from Pakistan’s income, sales, and federal excise taxes for 23 years, lure international community including Pakistan, China, Oman, Saudi Arabia, Singapore, Iran, Russia, UAE, and Kazakhstan and many others countries to invest heavily in Gwadar’s mega developments. After the completion of all this work Gwadar will be an ideal destination for potential investors, engulfing the massive portion of business and commercial activities of the region.
Due to its vast roads, rails and pipelines connections within whole of the Asia and even to Europe it has all the potentials to become a transit trade center for import and export, catering the needs and demands of more than half of the world population. Thus Gwadar will be the biggest seaport in the Indian Ocean, and with its most modern and enormous port facilities, it will be the main hub of International Cargo and Oil Liners from all over the world.
Central Asia and South Asia are two important regions of the world. Central Asia is rich in natural resources particularly oil and gas resources while South Asia is a region which is developing with a rapid pace and its internal energy resources are insufficient. The development of physical infrastructural linkages and increase in trade volume among the regions of Central Asia, South Asia, West Asia and Western China will be mutually beneficial. Gwadar is strategically located between three increasingly important regions of the world, the oil-rich Western Asia, heavily populated South Asia and the economically emerging and resource-rich Central Asia.
In this connection Pakistan`s Gwadar deep sea port has bright prospects to emerge as regional trade and energy transportation hub. Being the deep seaport huge oil vessels from all over the world can be docked here, while in the Master Plan of Gwadar a huge piece of land has already been allocated for oil storage and refineries. Western China can benefit from the Gwadar seaport through the Sost dry port, which will also create a ribbon of economic activity along the proposed highway linking Gwadar with the Karakoram highway in the north. The movement of oil and trade between Pakistan and China will obviously gain momentum when Gwadar is linked to the Karakoram Highway.
Security in Gwadar
People of District Gawadar and Makran a Division of Blochistan are very docile, friendly and peaceful by nature; the crime rate in the area is very low no significant crime has been reported for many years. Being desert and coastal area it is free of traditional tribal structure and its malicious upshots.
Keeping in view the international significance of this city and its financial and commercial importance the Government has executed concrete and special measures for its security as a whole and of its habitants at individual level.
A military cantonment is being set up in Gwadar to safeguard the country’s interests, and 6000 acres of land has already been allocated for this cant area. A Battalion of Pakistan Army has been stationed before now with more troops in follow up.
The steps taken by the government to keep law and order in the region and to provide unbreakable shelter for the mega national projects in the area are very encouraging and promising for the investors in Gwadar.
GDA Vision and Agenda
In order to ensure the state-of-the-art planning of city Gwadar Development Authority (GDA) has paid special consideration to the fact that it is going be one of the mega cosmopolitan cities of the world and a vibrant, transit and transshipment port of the region. GDA has prepared a viable Master Plan for the city keeping in view to accommodate all the residential, industrial, commercial and recreational hustle and bustle of the coming years. To achieve its goal GDA has established different zones for residential, industrial, commercial and recreational purposes and has allocated huge and vast land areas for each zone accordingly with all the due supportive facilitations and services to regulate the corresponding activities.
Other priorities on GDA agenda are:
- Establishment of Right of Way for Road Network
- Facilitating Port Related Activities
- Protecting West Bay (Recreational area) from Pollution
- Encouragement of Private Investors
- Decongestion of Old City
- Modular Approach for Development
- Protection of Public Investment/Monitoring Mechanism