30 Companies Invested $474 million in Gwadar


Earlier we informed our readers that more than 20 companies have invested around $460 million in Gwadar. Now we have an updated figure. At least 30 companies have invested more than $474 million in the port city Gwadar. This is according to the Gwadar Port Authority Chairman Dostain Khan Jamaldini. These 30 companies have invested in different sectors including banking, fishing, housing, logistics etc.

Read also: The First Phase of Gwadar free zone completed

30 Companies have invested $474 million in Gwadar

Jamaldini in an interview to China Global Television  said,  “The first phase of Gwadar free zone has already been inaugurated.”

Talking about the progress made on the connectivity, production & development in Gwadar Port he said that it’s almost ready. Adding,  “We are receiving a ship on a weekly basis from Cosco, a Chinese company which is one of the largest in the world. It is calling at Gwadar Port regularly.”

He said that as soon as the industrial production begins in Gwadar the frequency of ships will grow.

He said, “There are many corridors linked through the Belt and Road Initiative (BRI) announced by Chinese President Xi Jinping five years ago. However, the most viable, most active and most swiftly implemented component is the China-Pakistan Economic Corridor (CPEC).”

CPEC, he revealed, will not just link Pakistan to China, it will also link it with Central Asian nations. Mr. Jamaldini said, “CPEC became the flagship project of the BRI, aimed at providing new opportunities to the people of both countries. It will give a fresh impetus to the Sino-Pakistan friendship.”

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