Gwadar Port, Free Zone to generate $10 bn economic activity
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June 1, 2021
GWADAR: After becoming fully operational, the Gwadar Port and Gwadar Free Zone would generate economic activities of around $10 billion per annum, said CPEC Authority Chairman Lt-Gen (retd) Asim Saleem Bajwa, here on Monday.
âSoon after completion of the Gwadar Free Zone, a lot of manufacturing and trading activities will start; cargoes will move, and trans-shipment activities will increase,â he said while talking to the media here after reviewing the Gwadar Port and other projects under the China-Pakistan Economic Corridor (CPEC) initiative.
He said, âWe will continue to monitor the development work in Gwadar till all the projects become fully operational.â Asim said the portâs infrastructural work had been completed by the China Port Holding Company at the cost of around $300 million, and its all four berths were fully operational.
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