CHINA PAK INVESTMENTS ACQUIRES PROJECT IN GWADAR (10 OCTOBER 2017)

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China Pak Investments Acquires Project in Gwadar, Pakistan
Leading private investment house China Pak Investment Corporation on 29 September announced its acquisition of the 3.6 million square foot International Port City project in the city of Gwadar
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The investment company is currently revising the scheme’s plans in line with international developments standards and will be developing the first of its kind $150 million gated master community tailor-made for the expected 500,000 incoming Chinese professionals expected in Gwadar by 2022.
The project which is expected to be renamed China Pak Hills hails an exciting new phase in the development of the port of Gwadar, the ‘Gateway City’ to the $62 billion China Pakistan Economic Corridor (CPEC), the largest unilateral foreign direct investment from one nation into another.
The CPEC is set to catapult Pakistan’s stature as a key global trade and economic hub and includes a bouquet of projects currently under construction that will not only improve Pakistan’s infrastructure but will deepen the economic and political ties between China and Pakistan.
Hao-Yeh Chang, Corporate Communications Director for China Pak Investments Corporation commented, “We believe Gwadar is following in the footsteps of Shenzen which represented a historic population rise, from a population of 30,000 in 1980 to 11 million people in 2017. Gwadar is poised to see massive population growth due to incoming industries, and we expect this to be one of the most strategic cities in South Asia.”
The final master plan for China Pak Hills is currently being refined in Hong Kong, and will feature a range of state-of-the-art amenities including an open-air shopping boulevard; indoor shopping mall; restaurants and eateries; an international school & nursery; six community parks; indoor and outdoor sports facilities including tennis courts and a resident’s gymnasium; a water desalination plant and recycling centre. China Pak Hills will also be home to the Gwadar Financial District, catering to the growing financial sector and adding much needed A Grade office space to Gwadar’s growing market.
One Investments Ltd, a UK-based property investment company, headed by Zeeshan Shah, have been appointed as Global Master – Agent for the Development. “China Pak Hills is a unique and exciting opportunity. The level of investment and commitment made by the Chinese government in the 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 means that it can only grow exponentially.”
The China Pak Hills master-community is being developed by China Pak Investments and is soon expected to announce options for the private sale of limited plots to end purchasers

IEP TO SET UP TECHNOLOGY PARK AT GWADAR (10 OCTOBER 2017)

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Islamabad: Institution of Engineers, Pakistan (IEP) has planned to set up a Technology Pak and a housing society at Gwadar to provide professional support to China-Pakistan Economic Corridor (CPEC).

The progress to this effect was reviewed at its 301st Central Council meeting hosted here by Rawalpindi-Islamabad (IEP-RI).

A number of issues relating to technical and professional activities were discussed at the meeting. It also approved some amendments in the IEP’s constitution and bye-laws. A proposal was also discussed for award of prizes/medals to eminent and reputed engineers for their meritorious services in various disciplines.

The meeting was presided over by the IEP’s President Engineer Dr. Izhar ul Haq. It was attended, among other by the Institution’s Secretary General Engineer Mian Sultan Mahmood, chairman IEP, Rawalpindi-Islamabad (IEP-RI) Engineer Hafiz M. Ehsanul Haq Qazi and Secretary Engineer Shafiqur Rehman.

It reviewed in detail progress reports presented by the local centres regarding technical activities. The meeting appreciated Rawalpindi-Islamabad Centre for its pro-active role in promoting the objectives of IEP.

It considered the request of IEP-RI for the establishment of its sub-centres at Muzafarabad and Gilgit. Engineer Hafiz Ehsanl Haq briefed the committee about the events, their Centre has recently arranged for capacity-building of the young engineers and its future for professional development.

The participants hoped that local centres will work more actively to upgrade and improve the working status of the engineering community. It was hoped young engineers particularly the newly graduates will join the organisation to learn from seniors for their proper grooming and effective role in practical life.

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