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Business

February 5, 2020

Gwadar to see population balloon to 2 million: Gwadar masterplan

Business

Wed, Feb 05, 2020

LONDON/QUETTA: Gwadar's population is set to exceed two million people in the long run with high paid expatriate professionals accounting for up to 80% of the population, according to the new Gwadar Smart City Masterplan.

High paid jobs, tax-free environment, high-tech industries, mega shopping malls, luxury resorts, man-made islands and Pakistan's largest international airport, which was inaugurated by Prime Minister Imran Khan last year, are all included in the blueprint that will see Gwadar become the 3rd largest city in Pakistan by economic output.

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, 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%.

According to Gwadar's new master plan, the city will become the fulcrum of economic development in western Pakistan, the main port in western Pakistan, one of the westward sea routes in western China, the five Central Asian countries and the trade centers of Afghanistan, South Asia and the neighboring Middle East.

Megaprojects include a $5 billion investment into Gwadar's power sector with 15 new power plants, $1 billion invested into generating 700,000 m3 of freshwater per day through desalination plants, a man-made island, central business district, Pakistan's tallest building all in a tax-free environment where life can be enjoyed whilst avoiding taxes.

Think Dubai but on a much larger scale and in a quicker time frame, the master plan details how Gwadar will become the economic hub of not only Pakistan but the entire South Asian region.

Gwadar is set to see a massive influx of skilled workers and high powered executives as it gears up to become the technological, industrial and high-tech service hub of South Asia. According to the recently released Gwadar smart port city master plan Gwadar's economic output is expected to exceed $30 Billion whilst creating up to 1.2 Million jobs for skilled workers and professionals.

The master plan details international exhibition centres, multiple theme parks, luxury 5* resorts, botanical gardens and museums in a thriving modern city economy all within Pakistan's first 'weapon-free' city.

Pakistan's current trade and economic hub of Karachi sees an estimated 65 million tonnes of cargo through the port each year and with Gwadar eclipsing that by 2030 as the key route for trade with the Middle-East, Afghanistan, Central Asia and China, the city is expected to become the regions leading trade centre.

With a population of some 15 million people, Karachi is Pakistan's trade centre however in Gwadar the population is expected to rise to only two million yet with trade exceeding Karachi we can expect high standards of living in Pakistan's first 'tax-free' and 'weapon-free' city.

Gwadar will require some 15,800 new homes by 2025, 47,600 by 2030 and 254,500 by 2050 according to the new Gwadar Smart City Master Plan. A tax-free haven with high technology industries, man-made islands, science and technology parks, 5* beach resorts, concert venues, exhibition centres, shopping malls and Pakistan's first 'weapon-free' city will see Gwadar economic output reach $30 billion per annum and population balloon to 2 million residents resulting in a mega shortage of housing.

Geo.tv/via Author

The current supply of quality housing in Gwadar's is in the 100's at most and rental demand is burgeoning putting upward pressure on prices. With a ban on new NOC's for the last 5 years and limited supply within the private sector coming through we can expect to see a massive boom in property prices in Gwadar in the coming years, unfortunately, resulting in a housing crisis.

Pakistan's first 'tax-free' haven Gwadar's development will see the crescent-shaped man-made islands representing Pakistan's flag, grand theaters, concert halls, cultural exchange centres, a university city, lakeside shopping mall, waterfront shopping and leisure promenades, parks, golden beaches, 5* hotels and cruise ships linking to Muscat, Dubai, Doha, Bahrain and Jeddah to name a few.

In line with Pakistan and China's grand development plans for the Port City of Gwadar, the city will be Pakistan's first weapon-free city. The city is being developed under the highest of international standards to be an economic hub not only for Pakistan but for the region and for this reason a robust security environment will be developed to ensure security for foreigners and expats coming to Gwadar.

The security plans include the highest levels of urban security mechanisms through CCTV, vehicle management, urban video and alarm networks, and police management programs.

Pakistan's first dedicated high education centre and University City have been planned at the centre of Gwadar's new masterplan. Built as a city of the future along the highest of international standard's Gwadar will have a dedicated University City focused on the technology and medical sectors enabling locals of Gwadar and the expected two million population to educate themselves in the most sophisticated environment.

Geo.tv/via Author

Plans for an uber luxury golf course have been revealed in Gwadar's new masterplan which projects a booming city of two million people with a GDP per capita some 10 times that of Pakistan at $15,000 per capita.

The uber luxury facility is located on the cities Marine Drive some 26 kilometres from Gwadar Port and old town and will be the 'first of it's kind' waterfront golf course in Pakistan.

This is all detailed within the new Gwadar master plan which has been developed by the Government of Pakistan alongside Chinese state-owned construction and planning giant China Communications Construction Company.

Four mega desalination plants with a capacity of 700,000 m3 of freshwater per day are to be installed in Gwadar at $1 Billion USD. The mega plants which will be amongst the world's largest, have been detailed in Gwadar's new smart city masterplan.

To fuel this growth not only does the city require energy for which 4000 megawatts of new power plants are planned at a cost of $4 billion but $1 billion alone will be spent on the development of water desalination plants and elaborate water supply pipelines through the city.

In November of 2019 Gwadar's first mega power project was inaugurated with a $400 Million investment in a 300 Megawatt power plant. The power plant is being built under the $62 Billion China Pakistan Economic Corridor project.

Geo.tv/via Author

A 300 Megawatt power plant can fuel some 1 million residents showing the growth trajectory the city is headed towards however this is just the beginning.

In line with Gwadar's new masterplan, the city will become the premier investment, trade, manufacturing and tourism hub of South Asia and all of that requires a steady flow of energy which will include a $5 billion investment into 15 new power plants, generating in excess 4000 Megawatts of electricity to fuel the rapid growth.

Pakistan's first man-made Island 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 Central Business District.

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.

Commenting on the report, Governor Baluchistan Amanullah Yasinzai said: “This project will be a game-changer for the people in the region. It will bring a lot of development and significantly raise the standard of living of the people of Gwadar. I am hopeful that this project will bring huge employment opportunities for the youth of Baluchistan.”