Is Gwadar the ‘crown jewel’ of China-Pakistan Economic Corridor?
Gwadar has been touted as the ¡°crown jewel¡± of the multi-billion dollar China-Pakistan Economic Corridor. Through the development projects backed by Saudi and Chinese investment, the GDA chief forecast that the per capita income of Gwadar will surge to $15,000 by 2050.
How long will it take to build ARAMCO refinery in Gwadar?
¡°The planning for the mega oil city which will host an Aramco refinery and petrochemical complex is in progress, and we will take six to seven months to complete the masterplan,¡± Shahzeb Khan Kakar, director general of Gwadar Development Authority (GDA), told Arab News.
When will industrialization start in Gwadar?
¡°Industrialization is expected to start from 2023 with the provision of basic utilities, including electricity,¡± Attaullah Jogezai, managing director of the Gwadar Industrial Estate Development Authority, told Arab News. Gwadar has been touted as the ¡°crown jewel¡± of the multi-billion dollar China-Pakistan Economic Corridor.
Is Pakistan’s largest oil city ready for a masterplan?
A masterplan for Pakistan¡¯s largest oil city, including a $10 billion Aramco oil refinery project, is underway and expected to be ready before the end of the year. (File/AFP) Officials: Investment in province ¡°could increase per capita income to $15,000 by 2025¡±