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Reading: With CPEC entering its second phase, Gwadar is set to become a hub for international trade.
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Baner Club > Blog > Business > With CPEC entering its second phase, Gwadar is set to become a hub for international trade.
BusinessPakistan

With CPEC entering its second phase, Gwadar is set to become a hub for international trade.

Over $800 million in completed megaprojects pave the way for economic expansion.

Last updated: 2024/07/22 at 5:45 PM
Published July 22, 2024
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With the commencement of the second phase of the China-Pakistan Economic Corridor (CPEC), Gwadar is getting ready to become a thriving hub for international trade. With the completion of several massive projects, the port city is now well-positioned for substantial economic growth.

Key CPEC projects in Gwadar that have been completed include:

  1. The $230 million New Gwadar International Airport
  2. $179 million for the East Bay Expressway
  3. $300 million for Gwadar Port
  4. $100 million China-Pakistan Friendship Hospital
  5. The $10 million Gwadar Vocational Training Center
  6. $12.7 million for the Gwadar Water Desalination Plant

Furthermore, two 2,281-acre free zones have been formed. Additionally, 1,065 acres of the Green Palms Gwadar housing plan have been built.

These initiatives, which will cost over $800 million in total, should strengthen Gwadar’s infrastructure and economic potential and open the door for its emergence as a major regional trade hub.

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admin July 22, 2024 July 22, 2024
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