A man-made Island, said to be first of a kind in Pakistan, is to be built in Gwadar at a cost of over $10 Billion.
The ‘Chaand Taara’ shaped islands representing Pakistan’s flags moon and star will form the cities of the Central Business District, said a report.
Located the Marine Drive and stretching towards Zero Point on the Coastal Highway, the Central Business District is to include a state of the art amusement park, Art & Culture Museum, Grand Theatre, Concert Hall, International Expo Centre, 5* Hotels & Resorts, Multiple Shopping Malls and Waterfront Walk and Shopping Promenade to name a few.
The mega-development which will be built around the Gwadar Tower expected to be Pakistan’s tallest building has been detailed in the Gwadar Smart City Masterplan.
The 75-page detailed report which has been under development by the China Communications Construction Company a Chinese state-owned enterprise with assets of over $132 Billion and the Government of Pakistan as a joint-venture project.
The 75-page master plan document, prepared by Chinese state-owned company China Communications Construction Company in conjunction with Pakistan’s Minister of Planning, Development & Reform and Gwadar Development Authority and shared with this reporter, chalks out an elaborate road map and plan on how Gwadar is to become the trade and economic hub of South Asia with a GDP per capita of $15,000 – 10 times that of Pakistan’s average.
The Government of Pakistan and China project Gwadar’s economy to surpass $30 Billion per annum in the long-term, creating 1-1.2 Million high paid jobs with an income per capita of $15,000. Pakistan’s current income per capita meaning the economic output the country generates per person is around $1500 which Gwadar will eclipse by some 1000%.