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Status: Zone 1 - Handover NOW
Area: 3.6 million square feet
Homes: Circa 1200
International Port City, Gwadar is a sustainable mixed-use gated community minutes away from Zero Point Gwadar. The development has over 55% open space with specific allocation for a school, hospital, shopping mall and financial district.
International Port City is the first major community in Gwadar’s private sector to be handed over!
Status: Site mobilized – Zone 1 Handover Q4 2019
Area: 6.7 million square feet
Homes: Circa 1800
China Pak Golf Estates is Gwadar’s first GDA approved luxury golf community. Spread over 6.7 Million square feet and enjoying a prime location on the N10 Coastal Highway, China Pak Golf Estates is set to become the premium lifestyle and living destination in Gwadar in the years to come.
The China Pakistan Economic Corridor (CPEC) is the largest uni-lateral investment from one country into another consisting of projects currently worth $62 billion. CPEC aims to improve Pakistani infrastructure and to deepen the economic and political ties between China and Pakistan. CPEC also carries substantial economic and strategic benefits for China and the surrounding regions.
Gwadar is situated at the opening of the Strait of Hormuz in the Arabian Sea, the world's busiest oil shipping route. Thanks to incoming industries and businesses, Gwadar is going to become one of the most strategic and wealthiest cities in South Asia as the gateway to CPEC.
With vast improvements in security and its underutilised strategic location, Pakistan is in a fantastic position to capitalise on the huge amount of foreign investment that is pouring into the country right now. Pakistan is the 24th largest economy in the world in terms of purchasing power parity and by 2050 it is predicted be the 16th largest economy in the world, overtaking economies like Canada and Italy.
With a highly evolved services sector that contributes 56% of GDP, Pakistanis are the biggest consumer spenders in Asia so there is a lot of potential for foreign business. Financially, production and labour costs are lower in Pakistan offering a very high yield for foreign investors.
Pakistan is expected to continue to rapidly grow as it receives further foreign investment. In the first nine months of the current fiscal year, Foreign Direct Investment in Pakistan improved 4.4% to $2.09 billion from $2 billion in the same period last year. The business sector in the UK has recently announced £100 million worth of investments in Pakistan including the oil & gas sectors. In early 2019, Saudi Arabia announced its decision to set up a new $10 billion oil refinery in Gwadar.
It’s clear to see why Pakistan has the capability to become the next Asian Tiger and here at CPIC we are proud to be at the forefront of the Emerging Pakistan growth story.
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