Classifieds | Archives | Jobs | About TGT | Contact | Subscribe
 | 
Last updated 9 minutes ago
Printer Friendly Version | TGT@Twitter | RSS Feed |
HOME LOCAL MIDEAST ASIA WORLD BUSINESS SPORT OPINION WRITERS
500,000 Chinese professionals due in Gwadar by 2023
October 26, 2017
 Print    Send to Friend

ISLAMABAD: A leading Chinese investment company has announced to invest $500 million in Gwadar in the first phase of project aimed at building homes for around 500,000 Chinese professionals expected to locate there by 2023.

The China Pak Investment Corporation (CPIC) announced partnership with Top International Engineering Corporation (TIEC), a Chinese state owned company with over $100 billion worth of projects delivered since 1950, to develop China Pak Hills the first Chinese built Master-Community in Gwadar, said a report.

The ceremony was attended by China Pak Investment Corporation officials Jian Zheng, Chief Operations Officer Dawei Li, spokesperson Stuart Reid, chief operating officer of One Investments, architect Vladimir Tchaly; legal consultant Moshiur Mian and Syed Zeeshaan Shah, the Chief Executive Officer of One Investments and former Apprentice Star, in London.

Jian Zheng of China Pak Investment Corporation spoke about the relationship with TIEC and the opportunity that the One Belt One Road investment by the Chinese government offers to Pakistan and particularly to Gwadar. He termed China Pak Hills as an unprecedented development project.

“China’s policy to unite emerging economies with aspirations towards development will someday soon transform nations like Pakistan into developed economies. This vision has driven the partnership of the China Pak Investment Corporation and Top International Engineering Corporation to develop China Pak Hills formerly known as International Port City with the Gwadar Development Authority.”

Vladimir Tchaly spoke about the vision and creativity that the design team offers and how the project will be translated into contemporary development for a community of over 10,000 residents.

Stuart Reid, COO of One Investments Ltd, said China Pak Hills is a unique and exciting opportunity. The level of investment and commitment made by the Chinese government in the China-Pak Economic Corridor (CPEC) guarantees that Gwadar is going to be one of the most important trading and access points in the world. Its geographic position, combined with the infrastructure being created through the CPEC promises exponential growth.”

Zeeshan Shah, CEO of One Investments, said that he had visited Gwadar seven times in the last two years and found the area most peaceful and conducive for investment. He said that exit and entry points of the whole Gwadar region are controlled by Pakistan Army, providing top order security and safety. “Gwadar has everything that an investor needs. It’s just another world where order exists and everyone working and living there will have fool proof security around them.

Add this page to your favorite Social Bookmarking websites
Comments
 
Post a comment
 
Name:
Country:
City:
Email:
Comment:
 
    
    
Related Stories
Baloch group plans meet on CPEC in EU House
ISLAMABAD: A group called Baloch Voice Association (BVA) has hired an influential lobbying firm to arrange a conference on Balochistan in the European Parliament against ..
China defends Pak’s anti-terror efforts
BEIJING: China on Friday defended Pakistan’s counter-terrorism efforts, following President Donald Trump’s accusation that Islamabad harbours militants attacking US and A..
Pakistan rejects BRICS’ declaration
ISLAMABAD: Defence Minister Khurram Dastgir on Tuesday rejected the BRICS declaration about “terrorist groups” in Pakistan. BRICS — Brazil, Russia, India, China and So..
Chinese firm Jiangsu not working in Pakistan: Zhao
ISLAMABAD: Deputy Chief of Mission at the Chinese Embassy in Pakistan, Lijian Zhao has confirmed that Chinese company Jiangsu Yabeite Technology Co. Ltd., which was recen..
Pak supports China on sea row, Tibet dispute: President
ISLAMABAD: Pakistan has reiterated its support for China regarding the issues of South China Sea and Tibet. During a meeting of visiting Chinese Vice Premier Wang Yan..
FRONTPAGE
 
GALLERY
 
PANORAMA
 
TIME OUT
 
SPORT
 
 
Advertise | Copyright