Development News

Gwadar to Get its First CBD – Central Business District

Gwadar to Get its First CBD

The Gwadar Development Authority has decided to establish its first Central Business District (GBD) to boost business opportunities in the coastal city.

The CBD will cover over 12.3 square kilometers with an estimated cost of approximately PKR 90 billion. At a particular session on ‘Gwadar and the Road to Sustainable Development, GDA Director General (DG) Mujeeb-ur-Rehman Qambrani stated that the project will be finished in the next 10 years with an estimated earning possibility of PKR 400 billion. He stated the project would include all the modern and state-of-the-art infrastructure to support the extensive industrial base and achieve future needs.

He stated the project will be backed by 100 megawatts of solar energy from Iran. He emphasized that the project will complete the other CPEC initiatives, such as Asia’s largest airport. Which will be operational in 2023; plans for implementing a safe city example; oil and gas infrastructure for intellectual energy modelling of the city; maritime tourism; and comprehensive plans for ferry transportation and shipment, as well as a railway network linking Gwadar with Karachi and other regions of the country.

For the latest Real Estate News and Blogs, visit Realtors blogs.

Leave a Comment

Your email address will not be published.

You may also like

Read More