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| Gwadar
& Government interests |
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| Etching
the vision of General Pervez Musharaf- who
finally took a very bold initiative and
put strenuous efforts to carve out a port
of regional importance in Gawadar. Pakistan-the
Prime Minister (Ex-Finance Minister) Shaukat
Aziz showed his commitment to declare Gawadar
port a “Special Economic Zone”
in the budget, 2003-2004 and he made the
commitment done.
All banks will open their branches, five
star hotels will be built, offshore banking
will be started, factories, warehouses and
storage will be set up, the tourism industry
will be promoted in the area, an export
processing zone will be set up, making Pakistan
a very attractive place for direct foreign
investment, and Gawadar port a regional
hub of trade and investment activities.
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| GOVT.
COLLABORATION WITH OTHER ESTATES |
Oman has offered $ 100 million aid for the
development of social and infrastructure
facilities in Baolchistan. Out of $ 100
million, Oman has provided $7 million for
extension of runway at Gawadar Airport,
construction of Jetties, up gradation of
Gawadar Hospital, provision of 100 engines
to fishermen and construction of powerhouse.
Oman is also financing construction of Gawadar-Hoshab
Road, water supply scheme in Gawadar area
and construction of irrigation dams.
Pakistan
and Oman have signed a number of agreements
including Avoidance of Double Taxation,
promotion and protection of investment,
Cultural, Technical and Educational Cooperation,
Agreement on cooperation between Oman Chamber
of Commerce and Industry and FPCCI, Maritime
Boundary Agreement and Agreement to establish
Pak-Oman joint Investment Company.
The
proximity of Oman is an asset to Pakistan.
Around 70,000 Pakistani citizens are participating
in the development of Oman. Omani assistance
for construction of Gawadar port would go
a long way in promoting economic relations
between Gawadar-Pakistan and Central Asian
states.
Pakistan
and China has signed a comprehensive agreement
on March 16, 2002 at Beijing understanding
the task of construction of Gawadar deep
seaport of universal standards. The work
on the first phase of this mega project,
which is being constructed by Chinese Harbor
Engineering Company, is now almost completed.
The project is bound to be a vital landmark
in the economic development of the region.
The port comes as a much-needed national
requirement in the wake of the rise in cargo
traffic at Kimari and Bin Qasim, which are
operating at full capacity. It is expected
that Pakistan’s maritime traffic would
rise by three folds by 2010. With the construction
of a third port, it is estimated that Pakistan
will not only be able to meet its own requirements
of the future but also offer its port facilities
to the neighboring countries.
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Introduction
“Glob-Biz” Avenue is the mega
housing and commercial project of Gawadar
Builders & Associates. It is ideally
located on the West Bay side of Gawadar,
the prime location of the master plan. |
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