Best Areas to Invest in Gwadar
Gwadar is a port citysituated on the southwestern coast of Balochistan, a province of Pakistan. This city is located on the shores of the Indian Ocean’s northern region, the Arabian Sea, which is located across from Oman. The town was under abroad ownership of Oman from 1783 to 1958. Until Pakistan bought Gwadar for $3 million.
Importance of Gwadar It is believed that Gwadar is going to become “The Next Dubai.” It is also thought that Gwadar is going to be an economic hub not just of Balochistan, but of the whole of Pakistan and Saudi Arabia is planning on investing $10 billion on oil-refineries leaving Gwadar to be a well-developed port-city. Most of the investors plow money into Gwadar rather than anywhere else in Pakistan as they all see actual achievability in Gwadar.
Investing in Gwadar may give high returns. Other than the Deep seaport and the China Pakistan Economic Corridor (CPEC), Investing in additional development of projects such as solar systems, oil and gas pipelines, railway lines, dams, International airport, coast center, architecture firms, power plants, and touring opportunities. Investing in Gwadar right now may result in more comfortable reach towards the Gwadar Real Estate, where you can invest in schools, clinics, hospitals, markets, superstores, residential schemes, commercial avenues, and restaurants.
Best Areas to Invest in Gwadar The best residential areas to invest in Gwadar are GlobBiz Avenue,Mouza Derbela Shumali, Nigor Sharif, Mouza Paleri Sharqi, and Mouza Passo. And the best way to spend in the Industrial Area of Gwadar is through Gwadar Industrial Estate Development Authority (GIEDA). The current population of Gwadar is estimated to be around 85,000. The Gwadar Port Authority (GDA) has stated that the people of Gwadar will reach half a million by the year 2023.
Progress and Due Diligence of Investment in Gwadar Gwadar is posing serious competitiveness to Dubai because the port’s strategic position gives the whole of Central Asia and the People’s Republic of China accessibility to the Middle-East and Gulf areas. Most of the Businessmen invest money, keeping a logical reason in mind about the future. Dubai and Gwadar have similar views about trade and industry; that is why it can be said that Gwadar stands as a rival for Dubai. There are about eight infrastructure projects in Gwadar
o KKH Phase II (Thakot-Havelian Section)
o Peshawar-Karachi Motorway (Multan-Sukkur Section)
o Khuzdar-Basima Road N-30 (110 km)
o Upgradation of D.I.Khan (Yarik) – Zhob, N-50 Phase-I (210 km)
o KKH Thakot-Raikot N35 remaining portion (136 km)
RAIL SECTOR PROJECTS
o Expansion and reconstruction of existing Line ML-1
o Havelian Dry port (450 M. Twenty-Foot Equivalent Units)
o Capacity Development of Pakistan Railways
The downtown area of Gwadar city is about 12.30 km2. Which is owned by the GDA. The size of the land planned for development is 352.92/km2. The property which is scheduled for residential development is about 103 km2. The total size of land proposed for industrial development is around 65 km2 with free zone, and GIEDA’S area is approximately 13.19 km2
If you want to invest in Gwadar, the land must be verified from the Revenue department, and the village officer (patwari) must confirm the validity of the property being bought. Without his distinction, you shouldn’t buy any sort of land in the city.
Final Word: The GDA has provided a clear vision of the port city, according to which the aim of creating an expenditure environment and lure significant investments should be made in 2025. And to pay attention to the economic foundation association and to promoting diversified development from 2026 to the year 2035. And from 2036 to 2050, the city will target the scale game and also add in the improving quality and project a dynamic image of the city.