Development News

Gwadar Free Zone Phase-II is all Set to be Operational

Gwadar Free Zone Phase-II

In a significant development, Gwadar Free Zone, also known as phase-II goes into legal action in actual letter and spirit after the initiation of land allotment procedure and soil testing rolled out by registered firms. Where Gwadar Free Zone (phase-I) is already completed and operational.

The get-going creates an improvement within 32 weeks after the Prime Minister of Pakistan Imran Khan inaugurated the Gwadar Free Zone (phase-II) during his one-day visit to Gwadar on July 5, 2021, while establishing several other development and infrastructure projects such as an expo center, agriculture industrial park, and three factories.

Agvon, a Chinese company, has formally set in motion its physical work by beginning soil testing analysis, according to its first phase of the infrastructure development project.

On the allotment of 10 acres of land, the Agvon dredging unit is operating round the clock. Majid, an official of China Overseas Port Holding Company (COPHC), stated “As per the contract, Agvon intends to construct a state-of-the-art fertilizer processing plant within the specified period.”

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