Compare Listings

Gwadar Port September 2019 – Gwadar Development Update

  • Auther Image by Admin
  • September 19, 2019
  • 0

Gwadar development is appreciably growing under the umbrella of CPEC and the development of Gwadar Port is essential for the effective diffusion of CPEC which is almost 80 percent completed.

A major part of CPEC program is focused on the fast-track construction of roads, other infrastructure, and economy revival via trade and industrial establishment. Strategic location of Gwadar port and its connection to multi billion dollar project speaks volume about its worth and its importance for China.

China aims targeting its several goals through Gwadar Port relevant to its business prospects, energy production and idea of making Beijing the biggest market of the world. Currently, sixty percent of China’s oil is transported by ship from the Persian Gulf to Shanghai which takes around 2 to 3 months.

Gwadar port enables China to more safely and reliably import oil reducing distance and time span. Oil imported from the Middle East, will be stored in refineries at Gwadar and sent to China via roads, pipelines or railway. Oil trade through Gwadar will also minimize vulnerability to piracy, bad weather, political rivals, and other risks.

Gwadar Port functioning as an alternative route to Indian Ocean or South China Sea routes makes Gwadar a good alternative for Chinese trade in the Indian Ocean and to Western Asia even if the Strait of Malacca is blocked by the USA.

That’s all why the development of Gwadar Port and Gwadar City is important in CPEC framework and this is why Governments on both sides are keen to accomplish the development as soon as possible. For any information about Gwadar land investment and overall development of Gwadar, please do visit our website or get in touch with us.

img

Admin

Join The Discussion