Gwadar Free Zone Developmental Construction
GWADAR: Sixty percent construction work of the first-phase of Gwadar Free Zone has been completed.
He said the free zone is a key step towards developing Gwadar Port into an important regional hub that will benefit not only south Asia, but also Central Asian and Middle East countries.
Hu Yaozong said the second-phase construction of the free zone is featured with a huge stainless steel factory which would create considerable number of jobs for locals in Gwadar.
He said besides Chinese and Pakistani investors, a lot of investors from other countries have also shown keen interest in business opportunities in the free zone.
The free zone covers about 923 hectares of land and will be developed in four phases.
It is designed to take advantage of Balochistan’s rich fishery and mineral resources by developing relevant industries for overseas market and light industry for domestic consumption.