Turkey, Saudi Arabia to establish warehouses in Gwadar Free Zone
Gwadar has gained significant importance in recent years due to its strategic location at the crossroads of Central Asia, South Asia, and the Middle East, making it a potential trade hub for the region. That’s why both Turkey and Saudi Arabia are interested to establish warehouses in Gwadar Free Zone. While China has already established garment and other small sector factories. This will usher the city towards a shining horizon.
Why is the International Investment Coming to Gwadar?
For Asia, Gwadar is significant as it offers an alternative route for transportation of goods, bypassing the congested Strait of Malacca. The port is connected to China’s western region via the China-Pakistan Economic Corridor (CPEC), which is a part of China’s Belt and Road Initiative (BRI). The CPEC is a network of highways, railways, and pipelines, connecting Gwadar port to China’s northwestern Xinjiang region. This provides China with a shorter and more secure route to access the Middle East and Africa, reducing dependence on the longer sea routes through the South China Sea and the Strait of Malacca. Such geo-strategic location makes Gwadar a honeypot of investments for the foreign potential bearers.
Emerging Superpower China and Gwadar
For China, Gwadar is significant as it provides access to the Indian Ocean, enabling China to monitor and protect its energy supplies from the Middle East and Africa. The port also offers China a strategic location to expand its economic and political influence in the region. In addition, the development of Gwadar port has the potential to boost economic development in Pakistan, providing China with a friendly neighbor in South Asia.
Call For Global Investors
There are pragmatic plans for the establishment of warehouses in the Gwadar. Free Zone in Pakistan by various countries including Turkey and Saudi Arabia. The Gwadar Free Zone is part of the China-Pakistan Economic Corridor (CPEC) and is strategically located on the Arabian Sea. Making it an important location for trade and commerce. It calls global investment to invest in Gwadar’s Megaprojects. The establishment of warehouses by these countries could potentially increase their trade and economic ties with Pakistan and other countries in the region.
Likewise, real estate investments and construction of apartments along with houses due to increase in trade activities. Nexthome.pk our online property portal finds you a plenty of real estate projects in Gwadar. Dial 0304-111-0309 to learn more