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Posted by admin in Uncategorized on June 8th, 2019
Gwadar is a port city located on the southwestern coast of the Balochistan province of Pakistan. The city is located on the shore of Arabian Sea and is about 700Km away from Karachi. Located near the border of Iran the Gwadar city is located to the east of the Persian Gulf and right opposite to Oman.
Form the history, the Gwadar was a small to medium size setting with the economy mainly based on the artisanal fishing. The strategic value of Gwadar was initially appreciated in 1954 when it was identified as a suitable deepwater seaport by the geological survey conducted by the United States of America. That survey was conducted on the request of Pakistan. At that time the Gwadar was under the possession of Oman.
Despite having the idea of the value of Gwadar, its actual potential remained unveiled up till 2001. By the year 2001, the initial construction of the Gwadar Port was initiated. With a net cost of $248 million, the first phase was inaugurated by General Pervez Musharraf.
After construction, the port remained under-utilized for a number of reasons including insufficient investment, security issues and the failure of the Pakistani Government to transfer land as per promised to the port of Singapore Authority (they were the port operators that time).
By the year 2015, China showed its intention of developing Gwadar port city with an investment of $46 billion under the name of CPEC (China- Pakistan Economic Corridor). China aimed to develop a One Belt- One Road with the idea to facilitate the trading activities using this road. The Gwadar is majorly featured in the CPEC project. It is also foreseen as a link between the Maritime Silk Road and the One-Belt, One Road project.
Almost $ 1.153 billion worth infrastructure is planned to be invested in the Gwadar city, apart from the major CPEC projects. The aim of this initiative is to link Western China with Northern Pakistan to this deepwater seaport. The Gwadar city will also be a site for storing transported floating liquefied natural gas that will be a part of the Iran-Pakistan Gas Pipeline Project.
With the changing time, sea politics is getting complex with the massive involvement of economic prosperity and commercial activities, on a global level. The Gwadar port holds huge economic and strategic significance for Pakistan and is the third important seaport of Pakistan after the Karachi and Qasim Port.
Being located at the cross junction of the international shipping and the oil trading routes, the Gwadar port has become of massive global advantage for all the economies of the world, including Pakistan. This is the reason why Gwadar is considered to be acting as a trade hub in Pakistan. with its direct link to three major regions of the globe stated as; South Asia, Middle East, and Central Asia, the Gwadar port will be a new investment opportunity that will have a positive impact on therewith of Balochistan.
With Gwadar, Pakistan will be able to explore minerals, gas and oil resources and hydrocarbons, etc. the port is also attracting a massive amount of tourist and foreign investors and can be seen serving as a foreign reserve and free trade zone. All these features will surely help and play a role in the prosperity of Pakistan. It can also help to enhance the commercial and trade activities in the country.
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At the same time, it is believed that the Gwadar will make Pakistan be a monitoring part of the Sea Line of Communications that comes from the Persian Gulf. With a strategic leveraging of investments and opportunities, the Gwadar will open up doors for new opportunities of the people of Pakistan and will help them in their economic growth and stability via Trans trading activities and foregone exchange reserves.
Gwadar is also believed to be boosting up the co-operation of Pakistan with other political establishments of the world in terms of energy and oil resources. At the same time the trade, hotel industry, and the state revenue sectors will have a positive impact. As the Gwadar is offering tax-free trade and investment opportunities, it is successfully attractive for foreign investors to open up and invest in pipeline projects and economic plans.
The Gwadar port has massive strategic importance and is increasing the importance and value of Pakistan in a global setting and specifically in the region. Through the Persian Gulf and the Indian Oceans and Southeast Asia, the Role of Pakistan is enhanced. With its close locality to the Strait of Hormuz, it will be a roadway to supply 13 million barrel oil on a daily basis.
On its completion, the port is expected to open new vistas for development and cooperation in the region. The port is expected to offer facilities of transshipments, warehousing, coastal and transit trades, industrial as well as commercial facilities for international import-export trades. The above said are specifically referred to the Oman, UAE, Saudi Arabia, Iran, Iraq, China, Central Asian States, Qatar and other countries of the region.
The Gwadar port is also believed to offer a cost-effective, safe, secure and uninterrupted supply of natural energy. This uninterrupted supply will help all these countries to sustain and smooth industrial development and growth. With its geostrategic position, Pakistan will bridge the transportation gaps and will offer the shortest possible route for energy transportation. At that same time, it will offer the shortest possible route to the warm waters of the Arabian Sea.
With the partial technical and financial assistance of China, Pakistan has successfully completed the first phase of the deep-sea port in the Gwadar. The Gwadar port was initially inaugurated on the 20th of March 2007. A number of projects are already completed for about 50% and the rest of working is on the go. Phase 2 of Gwadar will include; a major cargo terminal; a ro-ro terminal, two oil terminals, and four container berths.
Decided as to up-grade the KKH as the upgraded road is believed to be providing a short route to the sea and will be superficially beneficial for the product manufacturers from China. The KKH is also believed to be serving as an overland route for trading between India and China. It will also facilitate Pakistan and China in terms of trade and energy improvement, development of the railway links, oil and gas pipeline linkage and the fiber-optic connectivity along the highway under one project.
Along the KKH a railway line is developed and will be connecting China and Pakistan and is considered as a vital part of the energy and trade corridor. The aim of this railway web is to facilitate the trade activities as well as transport energy in case other means are not operational for any reason. This rail track will be linked to Gwadar as Gwadar will be carrying the oil-refining as well as storage facilities.
The framework of the agreement on energy cooperation was initiated back in 2006. According to this agreement, an energy pipeline of 30-inch diameter will be installed from Khunjerab to Gwadar. This pipeline will pass through Awaran, Pir Muhammad, Khuzdar, Shikarpur, D. I. Khan, Kundian, Mianwali, Talagang, Pindi Ghraib, Fateh Jang, Haripur, Mansehra, Patan, Dasu, Chilas, Bunjil, Gilgit, Sust, and Khunjerab pass.
Top on the list is that with Gwadar, Pakistan can fulfill its energy needs and it can also secure benefits including; enhancement of trades with middle east and Cars; relations with the regional and neighbor countries will be improved; trades will be enhances; TAPI and IPI pipeline projects may lead to neutralized relations with India. Pakistan can also earn massive foreign exchange through transit fees and thus can improve its fore exchange reserves. With Gwadar port, the backward areas of Pakistan will improve gradually but significantly. There will be improvements in the literacy rate and the living conditions of backward areas of Pakistan and a lot of new jobs will come up due to foreign and local investments in the area. With the improvement in the overall economy, there would be an improvement in the hotel and tourism industry as well.
Read also: A Complete Guide For Overseas Pakistani To Invest In Pakistan Real Estate
It is amazing that a fishing village to yesterday is soon to become the hub of regional trade activities supplying Pakistan with the most needed support in all ways possible. The amazing significance of the Free Economic Trade Zone and the Gwadar Port is well known to the Government of Pakistan and is thus working on many different aspects of the idea to promote the value of Gwadar to international investors and to provide them will all what it takes to convince them of any kind of big or small industrial or residential investment. Expected is to have a brighter future as soon as the Gwadar Port is completely operational and playing in the field.
Posted by admin in Investments, Naval Anchorage, Real Estate Property Guide on May 3rd, 2018
Investing in Gwadar is not simple and interesting as in any other part of Pakistan. There are a number of reasons to support this fact and one of the basic reasons that make the real estate investment in Gwadar a bit critical is that it has just started its journey. Although sprouting at the moment, the city is soon expected to be the leading international port city of Pakistan. Talking about the about all the potential the Gwadar port city project seems to be opening doors of amazing opportunities and filling up all the needs of international trading in Pakistan.
For all the said reasons the city seems to be transforming the infrastructure and giving a hope to many investors who are looking forward to earn some big amount in the coming years.
With all the potential, Gwadar port city is offering something that was never offered in Pakistan’s real estate market before. Thus we can see a number of potential challenges in this case as well. For this reason, we can clearly say that the Gwadar city investment is not same as of buying land in any other part of Pakistan. There is no such thing as earning quick gains.
According to the experts, the investors who are willing to invest in Gwadar must know that it will take many years to get what they are looking for or what they have been promised with. The process of earning ROI (return on investment) is a long-term deal. However, seeing occasional gains is another thing and is something that can be seen in many other projects in the pipeline. Also one cannot predict any specific pattern in this regard.
The experts also recommend that investors for Gwadar must not have any misconceptions or false assumptions about their investment duration in the port city or should not fall for any fake promises.Thus, investors who are buying lands for profits must not fall for fake and unreliable sources including agents and developers etc. Investing in open and bigger lands that are bound to increase their value is better than buying smaller pieces of land at higher rates. Here are some of the most common misconceptions about buying and selling real estate that is must to keep in mind while buying a land in the Gwadar.
The parts of the Port city, located far from the old town is not a preferred place for the buyers as there are no lands smallest than an acre in these areas. This is better when you have an open land owned by any local party and not by the government. The reason for this trend is the fact that the land owners have many acres of lands and from which only a part of the property lies on the road that are marked to become spacious and wide. These connecting roads are the real value of for the land owners.
In such cases, selling small pieces of lands is a bad idea and can earn limited or no benefits to the land owners. Selling smaller chunks facing the road will decrease the value of land that is a bit far from the roads and thus it can be a bad deal to sale the lands in smaller bits. For the said reason the buyers are left with no choice to sell bigger areas that, in some case is bigger than 50 acres.
However, if you are looking to buy a small piece of land in the Gwadar Port City, you must look for the areas that are a far from the main road. At times it has been found that the smaller lands are of expensive as compare to that of the bigger plots. Thus the choice is completely on your preferences for investment and your priorities.
As stated by the GDA (Gwadar Development Authority) the buyers’ need to verify their NOC issues for any specific project they are willing to invest it. This is of great importance as many of the land owners have sold their properties without having necessary approvals from the GDA.
While buying any open land, the buyers must also make sure that the land is available for resale. The GDA, in many parts of Gwadar, had banned the transfer of property. Thus the buyers must make sure that they are not scammed by paying for any such property.
The GDA recommends that when you are about to pay the token or advance money for the land you want to acquire, you must share the information in the newspaper or ask the GDA authorities if they have any issues with the land or not. Also, check if the land is available for sale/resale and authority transfer or not. Once you find that the land is safe for further proceeding, you can take an official with you and mark the land.
It is also recommended to the buyers to mark the area before closing the deal for buying this land. There are chances that during the process you find that the land is disputed. In any such case you must not proceed with paying the remaining amount until the matter is sorted out completely.
A most important ground reality is that no commercial or residential property in Gwadar is developing at a fast pace. The developers at Gwadar have no long-run plans or any clear time-frame for the completion of the projects. So if anyone says that the project will be executed and will be set to earn benefits in few years, they are probably lying. Even for a residential property buying, it is important to keep in mind that there would be need of a time frame of almost 5 years to complete the project. There can be some projects that would not be available for buyer’s complete possession even after 5 years. Thus important is to do a complete check and invest in the societies that are supported by reliable sources.
In a single line we can say that the decision depends on your priorities. It depends on your budget and you’re short as well as long run goals with this investment. However, here are some of the most appreciated investment areas that you may consider:
The Sanghar Housing Scheme is a fast, secure and well regulated society that comes with no legal complications. It is also a unique location of the Gwadar Port City. The scheme offers both residential and commercial plots that are a perfect choice for all kinds of mega projects like shopping malls and others.
The Naval Anchorage Gwadar is the best option for you if you are looking for a land approved by the Gwadar Development Authority, a gated community for your family settlement. The housing society is located right on the pinpoint of Rakshan Avenu and the Coastal Highway. The community is offered with a wide range of self-sustaining amenities for the residents and up to mark the health care facilities. You can also find a range of schools, colleges and universities to process your living in a better way.
The Airport Road Commercials is another perfect choice where the commercial activities are present even today. However there are some legal issues and minor irregularities in operations because of which it stands after the Sanghar Housing Scheme.
The Marine Drive Commercials is the next in the list of most preferred housing schemes. It will also be developing as a commercial hub soon after the airport. There is not any commercial activity at the location currently and there are some irregularities in the sale purchase process of land in this area.
The Jinnah Avenue Commercials and New Town Society are also reliable options with better profit opportunities in coming years. However, important is to visit the sites personally rather than just depending on the 3D images or any videos about the locations you are willing to invest it.
Working on ground realities can help the investors to make better decisions and make a deal that looks real. Investment in the Gwadar City is something that needs a lot of persistence and tolerance before it returns you amazing sum of benefits and earning opportunities. Remember, those who have the long run motive can earn the maximum reward.
