Approximately 700 km to the west of Karachi, is the city of Gwadar, on the coast of Baluchistan. Not only the city, but the whole province has been neglected for a large part of the history of the country. This was until China, under its OBOR (One Belt One Road) project, announced that it will include Gwadar port and its development in CPEC (China Pakistan Economic Corridor).
Impact on the whole country:
Pakistan economy has been suffering due to America’s war on terrorism in Afghanistan. It has lost not only a large part of its economy, but also numerous lives to this war as well. Suicide attacks on top of drone strikes in the country were a severe threat to the sovereignty of the country. Cases like APS school Peshawar and numerous others came in every day. Operations like zarb-e-azb and rah-e-rast were going on in the country due to which every day, we lost lives.
Amidst all this chaos and turmoil in the country, China extended a hand of opportunity, which was warmly welcomed by the whole country. This was a time when even America, whose war Pakistan has been fighting for almost 2 decades turned its face away from Pakistan. The CPEC turned out to be a bright ray of hope in times of despair. Under the CPEC, China was supposed to invest approximately $ 46 Billion in Pakistan. The main purpose was to build a network of roads and rails from Karakoram to Gwadar.
Development of Gwadar:
Apart from numerous power generation projects, rails and roads network, China was also going to develop the port of Gwadar. A huge part of Chinese trade will pass through this port, which will not only bring prosperity for the country, but will also be a source of income for the large unemployed youth of Pakistan.
Due to all these developments and the huge shift in the direction of the country, the future is filled with hope. Tourism has risen in Pakistan which is one of the biggest sources of revenue for the country. Numerous development projects have changed the entire landscape of Gwadar. Therefore, although the prices of property, although very low right now, but are sure to rise in the upcoming year. Gwadar property prices in 2021 are going to skyrocket.
So if you want to invest in Gwadar, buying property in Gwadar is going to be one of the most fruitful investment you will make. Contact 5B marketing today to secure your property in Gwadar today, at the most prime locations.