Gwadar project moves ahead, as Chinese investment flows in
China Pak Investment Corporation has acquired the Port City project in Gwadar, Pakistan, and is reviewing plans in line with international development standards.
The project is for a gated community to house 500,000 Chinese professionals who are expected to move to Gwadar by 2020, and will include a 23,000 m3/d seawater desalination plant.
Permission to build the desal facility was granted by the government of Pakistan in November 2016.
The Port City scheme, to be renamed China Pak Hills, is part of the China-Pakistan Economic Corridor programme of foreign direct investment from China into Pakistan. China Pak Investment Corp is a subsidiary of China Development Bank Corporation.
As well as the desalination project and recycling centre, the scheme comprises homes, shopping facilities, an international school, parks, and sports facilities.