China Pak Investment Corporation today announced its acquisition of the 3.6 million square foot GDA

[NOWorNEVER]

Mon 16 Oct 2017 10:28 AM
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Phase one of China Pak Hills master development.

Leading private investment house China Pak Investment Corporation today announced its acquisition of the 3.6 million square foot GDA approved development International Port City in the city of Gwadar. The investment company is currently revising the scheme’s plans in line with international developments standards and will be developing the first of it’s kind $150 million gated master community tailor-made for the expected 500,000 incoming Chinese professionals expected in Gwadar by 2022.

The project 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 private sale of limited plots to end purchasers.

http://www.arabianbusiness.com/prop...rporation-acquires-project-in-gwadar-pakistan

 

[ghauri05]

expected 500,000 incoming Chinese professionals expected in Gwadar by 2022????
can anyone comment about this number..why it's so high????

 

[武成王]

expected 500,000 incoming Chinese professionals expected in Gwadar by 2022????
can anyone comment about this number..why it's so high????

This company is supposed to be a private real estate company registered in HK, HKer are good at speculation on house price. They're selling house.

A simple comparison, there're currently 200,000 Chinese businessmen and professionals living in Dubai, there're 2500 registered firms owned by Chinese, most are small business. Can Gwadar reach the contemporary level of Dubai in 2022? I doubt.

 

[SHAH820]

expected 500,000 incoming Chinese professionals expected in Gwadar by 2022????
can anyone comment about this number..why it's so high????

in newyork chinese population is about 600k

 

[ghauri05]

in newyork chinese population is about 600k

It hasn't reached this number with in 5-6 years.
Well my concern was about the jobs availability for local people..if this number is true than there might arise some serous problems

 

[Talwar e Pakistan]

It hasn't reached this number with in 5-6 years.
Well my concern was about the jobs availability for local people..if this number is true than there might arise some serous problems

There are a ton of new job centers in major CPEC areas which intend to train the locals in various jobs and recruit them into the workforce.