Turkish and Saudi delegation has shown keen interest to make a massive investment in Gwadar free zone with tax holidays. Several foreign diplomates visited Gwadar recently to explore the viability of individual and joint ventures. The delegation aspired to establish a warehouse in Gwadar free zone, dubbing it more cost-effective, commercially prolific, and productive. As of now, Turkish companies utilize the port and zone facilities in Jabel Ali, UAE. Jabel Ali is expensive and congested; companies desire their trade-in Gwadar.
Gwadar is rapidly rising as the ‘center of focuses’ because of enormous business opportunities.
Gwadar Port Authority (GPA) officials said that “Gwadar has many charms as it offers enormous business opportunities for both local and foreign Potential Investors“. The key industries suited to Gwadar include port-centered service industries such as fishery, petrochemical industry, tourism, and trade logistics, and port-centered processing and manufacturing industries such as assembling of oil storage, refining, transport equipment, ship breaking, food & building materials processing, home appliances manufacturing electronics and Information industry.
Logistics service provides assist the trade in all processes including sea freight, air freight, customs clearance, warehousing, road transportation, packaging, warehousing, and other allied value-added service. Private sector participation in logistics infrastructure development has already gained momentum, and transportation and warehousing are likely to lead the logistics industry growth during 2023-2025. Once completed, the Gwadar Free Zone will be Pakistan’s most extensive port-related infrastructure.