Skip to main content

500,000 Chinese professionals due in Gwadar by 2023

http://gulftoday.ae/portal/dad956c8-9d80-4505-9ea5-5a34a711bade.aspx




October 26, 2017

ISLAMABAD: A leading Chinese investment company has announced to invest $500 million in Gwadar in the first phase of project aimed at building homes for around 500,000 Chinese professionals expected to locate there by 2023.

The China Pak Investment Corporation (CPIC) announced partnership with Top International Engineering Corporation (TIEC), a Chinese state owned company with over $100 billion worth of projects delivered since 1950, to develop China Pak Hills the first Chinese built Master-Community in Gwadar, said a report.

The ceremony was attended by China Pak Investment Corporation officials Jian Zheng, Chief Operations Officer Dawei Li, spokesperson Stuart Reid, chief operating officer of One Investments, architect Vladimir Tchaly; legal consultant Moshiur Mian and Syed Zeeshaan Shah, the Chief Executive Officer of One Investments and former Apprentice Star, in London.

Jian Zheng of China Pak Investment Corporation spoke about the relationship with TIEC and the opportunity that the One Belt One Road investment by the Chinese government offers to Pakistan and particularly to Gwadar. He termed China Pak Hills as an unprecedented development project. 

“China’s policy to unite emerging economies with aspirations towards development will someday soon transform nations like Pakistan into developed economies. This vision has driven the partnership of the China Pak Investment Corporation and Top International Engineering Corporation to develop China Pak Hills formerly known as International Port City with the Gwadar Development Authority.”

Vladimir Tchaly spoke about the vision and creativity that the design team offers and how the project will be translated into contemporary development for a community of over 10,000 residents.

Stuart Reid, COO of One Investments Ltd, said China Pak Hills is a unique and exciting opportunity. The level of investment and commitment made by the Chinese government in the China-Pak Economic Corridor (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 promises exponential growth.”

Zeeshan Shah, CEO of One Investments, said that he had visited Gwadar seven times in the last two years and found the area most peaceful and conducive for investment. He said that exit and entry points of the whole Gwadar region are controlled by Pakistan Army, providing top order security and safety. “Gwadar has everything that an investor needs. It’s just another world where order exists and everyone working and living there will have fool proof security around them

Comments

Popular posts from this blog

Balochistan to establish first medical university

https://www.dawn.com/news/1366135

The Newspaper's Staff CorrespondentOctober 25, 2017QUETTA: The provincial cabinet on Tuesday approved the draft for establishing a medical university in Balochistan.Health minister Mir Rehmat Saleh Baloch made the announcement while speaking at a press conference after a cabinet meeting.“The cabinet has approved the draft of the medical university which would be presented in the current session of the Balochistan Assembly,” he said, adding with the assembly’s approval the Bolan Medical College would be converted into a medical university.Published in Dawn, October 25th, 2017

5 Shia Hazara community members gunned down in Pakistan

http://m.hindustantimes.com/world-news/5-shia-hazara-community-members-gunned-down-in-pakistan/story-CHWR4lYByRHzf2KjHjMloI.html



Five members of the minority Shia Hazara community, including two women, were killed on Sunday in an attack by unidentified gunmen in Pakistan’s restive Balochistan province.This is not the first time that members of the Hazara community have been targeted in Quetta and other parts of Balochistan.(Reuters File Photo)Updated: Sep 11, 2017 00:20 ISTBy Press Trust of India, Press Trust of India, KarachiFive members of the minority Shia Hazara community, including two women, were killed on Sunday in an attack by unidentified gunmen in Pakistan’s restive Balochistan province.The gunmen targeted a car in Kuchluck area of Quetta while it was coming from the Chaman border crossing area, police said.The firing took place when the travellers had stopped at a filling station to refuel their vehicle. Five people of the Shia Hazara community, including two women, died in …

China’s 'Digital Silk Road': Pitfalls Among High Hopes

https://thediplomat.com/2017/11/chinas-digital-silk-road-pitfalls-among-high-hopes/


Will information and communication technologies help China realize its Digital Silk Road?By Wenyuan WuNovember 03, 2017In his speech at the opening ceremony of China’s 19th Party Congress, President Xi Jinping depicted China as a model of scientific and harmonious development for developing nations. Xi’s China wants to engage the world through commerce but also through environmental protection and technological advancement. This includes Beijing’s efforts to fight climate change with information and communication technologies (ICTs) that it plans to export along its “One Belt One Road” initiative (OBOR). Xi may have ambitious plans, but could China be throwing up obstacles in its own way?In his speech, the Chinese president emphasized the need to modernize the country’s environmental protections. The Chinese state is taking an “ecological civilization” approach to development and diplomacy, with a natio…