Gulf News

GWADAR

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This small town, located on the China-Pakistan Economic Corridor (CPEC), has recently turned into a major contender for investment as property prices are rising along several major points on the corridor.

Gwadar Port is expected to be a major sea trading hub, creating one million jobs. Pakistan will be able to modernise its old infrastruc­ture and it will also help to solve its energy crisis. The developmen­t heralds the beginning of Pakistan’s industrial revolution as China and Pakistan are both expected to invest in developing industries and infrastruc­ture along the CPEC. Industry reports state property prices here have increased by some 500 per cent since 2015. The trend is expected to continue due to the massive investment in Gwadar’s real estate sector.

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