GWADAR
\nThe Balochistan government has allocated 2,585 acres of land for Gwadar\u2019s Central Business District (CBD).
\nTo support the project\u2019s launch, with an initial estimated cost of Rs 90 billion, government has also granted Gwadar district tax-free zone status, exempting the area from all provincial taxes.
\nIn addition, a road network spanning over 280km has been constructed.
\nThis 10-year development project is projected to generate Rs 400 billion in profit, Gwadar Pro reported on Wednesday.
\nThe development was discussed during a key meeting on Gwadar\u2019s flagship CBD project, held on March 31 under the chairmanship of Director General Gwadar Development Authority (GDA), Moin-ur-Rehman Khan.
\nThe meeting reviewed the project\u2019s progress, expected launch timeline, and its strategic importance in detail.
\nChief Engineer GDA Haji Syed Muhammad, Director Town Planning Shahid Ali, and other senior officials attended the meeting. During the session, the Director of Town Planning delivered a comprehensive briefing on the technical, commercial, and urban planning aspects of the project.
\nThe CBD will be complemented by several completed and ongoing projects including the New Gwadar International Airport, Eastbay Expressway, Pak-China Technical and Vocational Institute, rehabilitation of the old town, road remodeling, establishment of parks, promotion of green growth, development of ecological corridors, mapping of tourism sites, digitalization initiatives, advancement of a skills-based economy, and the provision of social and civic amenities.
\nThe project also aims to create new business opportunities while offering state-of-the-art healthcare and educational facilities. \u201cIn the context of global and regional changes, Gwadar is set to emerge as a new hub for national and international tourism, trade, and investment,\u201d Moin-ur-Rehman Khan told Gwadar Pro.
\nHe added that the Gwadar Central Business District is a key component of the Gwadar Smart Port City Master Plan and will play a fundamental role in transforming the city into a world-class business and financial hub. The CBD is expected to become Gwadar\u2019s modern \u201cdowntown.\u201d
\nThe meeting was also informed that the CBD will feature modern business offices, hotels, residential apartments, shopping centers, conference halls, cultural centers, and advanced public spaces. Supporting infrastructure will include traffic management systems, parking facilities, walking tracks, cycling routes, and modern public transport.
\nKey features of the project include amusement parks, an art and culture museum, a grand theater, a library, an international expo center, Gwadar Tower, a marina park, and seaside resorts. These developments are expected to enhance the city\u2019s appeal and play a vital role in promoting tourism.
\nThe meeting also reviewed the project\u2019s business model, which will promote investment through land sales, public-private partnerships (PPP), and joint ventures (JV). The development will be carried out in phases over approximately eight years, beginning with the provision of basic infrastructure.<\/p>\n","protected":false},"excerpt":{"rendered":"
GWADAR The Balochistan government has allocated 2,585 acres of land for Gwadar\u2019s Central Business District (CBD). To support the project\u2019s launch, with an initial estimated cost of Rs 90 billion, government has also granted Gwadar district tax-free zone status, exempting the area from all provincial taxes. In addition, a road network spanning over 280km has […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":{"0":"post-539569","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-business"},"yoast_head":"\n