Why a fishing town in Pakistan is changing the world’s geo-political landscape!
A small fishing town in the South-West of Pakistan, Gwadar is the gateway city of China’s $62 Billion China Pakistan Economic Corridor.
A deep sea port strategically located in the Indian Ocean at the opening of the Strait of Hormuz.
Pakistan leased Gwadar Port to China in 2015 as part of a $62 Billion deal.
China also acquired 22,000 acres of land adjoining the port in Gwadar which has been declared a Special Economic Zone.
A 1224 Kilometre highway is being built from China ending in Gwadar emulating the ancient Silk Road
Gwadar will link the Silk Road on land with the Maritime Silk Road
The new Silk Road reduces shipping times for Chinese goods to the Middle-East, Africa and Europe by up to 80%.
Gwadar is being developed under the model of China’s Shenzhen through the establishment of Special Economic Zones.
Shenzhen was amongst the fastest growing cities in the world growing from a population of 30,000 in 1979 to 10 Million in 2017 with a GDP of $294 Billion!
Zhang Baozhong, the Chairman of China Overseas Port Holding Company said “China plan to spend $4.5 billion on developing Gwadar.”
In November 2016 the first cargo travelled the Silk Road from Kashgar in China to Gwadar and shipped out from Gwadar to the Middle-East and Africa.
Currently there are some 2000 Chinese personnel in Gwadar this number is projected to grow up to 500,000 by 2023.
There is a geo-political shift happening in the world and Gwadar is at the heart of this.
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