Introduction And History of Gwadar

Gwadar used to be a small town just a few decades ago. Most of its economy was dependent on fisheries and related cottage industry. Life in this small town was going as per routine until the USGS (United States Geological Survey) declared that Gwadar could become a deep sea port. This ultimately raised the attention of Pakistani government and they bought this vast property from Oman. Construction on Gwadar sea port (phase 1) was started in 2001. In 2007, Pervaiz Musharraf inaugurated the first phase. In 2015, China and Pakistan governments announced to develop China-Pakistan economic corridor. This economic corridor is a part of China’s one belt one road and Maritime Silk road projects.
The surrounding region of Gwadar contains (scientifically proven) two third of world’s oil reserves. Saudi Arabia has decided to establish an oil refinery in Gwadar. Experts have predicted that Gwadar is going to be a greater business opportunity than New York, Dubai, Bombay or Bangkok. Keeping in view its rapid growth and the magnitude of business it is going to generate, government is going to launch a master plan for the city. This plan will make sure that city grows in an organized way.

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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.