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Gwadar to be region's big trade hub: COPHC

https://nation.com.pk/29-Jan-2018/gwadar-to-be-region-s-big-trade-hub-cophc


PM opens first Gwadar Expo today


January 29, 2018

ISLAMABAD - Prime Minister Shahid Khaqan Abbasi will inaugurate the two-day event being attended by foreign dignitaries, ambassadors and people from business community across the world while China Overseas Port Holding Company (COPHC) Chairman Zhang Baozhong said with construction of Free Zone, the port city of Gwadarwould become a big commercial hub in the region .

The expo aims at highlighting the significance of Gwadar Port and GwadarFree Zone as emerging business hub and create maximum awareness about the full scope of Gwadar Projects.

It will also provide a platform for interaction between local and foreign business entrepreneurs, financiers, investors and government officials to utilize the benefits of this mega project for enhanced investment, business and employment opportunities.

The expo is being jointly organized by Gwadar Development Authority and China Overseas Ports Holding Company.

A business centre has also been set up by the China Overseas Ports Holding Company which will provide a one-window operation for matters including immigration, customs, visa operations and port clearance facilities.

This two-day event will also highlight the success of companies already working on CPEC related projects, and provide detailed concrete information about opportunities for industrial cooperation between Chinese and Pakistani businessmen.

Meanwhile, Zhang Baozhong on Sunday said with construction of Free Zone, the port city of Gwadar would become a big commercial hub in the region .

In an interview with APP, the Chairman COPHC said development of Gwadarwould help to improve the overall economic conditions of the country and also of the local people.

Zhang said for construction of GwadarFree Zone, China had employed around 2,000 local people keeping in view their involvement in the mega project. He said China was very happy with the strong support extended by Pakistan's federal and provincial governments for holding of Expo 2018.

He said Expo which would attract delegations from countries including Iran, Saudi Arabia and United Arab Emirates would help proper marketing of local products including fishing, embroidery and dairy products. Chairman Yu-FeiMarine Technology of China Chon Baoliang told APP that his company would train the locals in fishing and farming. He said plan was in offing to set up an institute in Gwadarwith new technology of fish catching and long distance fishing.

He said the project would prove to be a win-win cooperation between Pakistan and China

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