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