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Prime Minister of Pakistan, Imran Khan, expected to Inaugurate Gwadar Expo2019 on 28th March 2019. Prime Minister will also perform ground breaking of Gwadar Airport on March 28th 2019.
Gwadar International Expo will be held for two days, i.e., 28-29 March 2019.
The Gwadar port is a key project in China’s One Belt, One Road initiative (South China Morning Post), which seeks to build strong economic connections between China and the countries along the old Silk Road – and well beyond.
Gwadar’s deep sea port is strategically located to provide easier access to the Gulf region and the Middle East for China, especially the northwest Xinjiang region, and central Asia countries. The overland distance from Gwadar to Kashgar, in China, is 1,500 miles, while it is another 2,500 miles to move across China to Shanghai. Cargo ships have to move double the distance, again, to reach the Middle East waters.
The Gwadar corridor will reduce the transport time for goods to Western China by about 60 or 70 per cent, according to Liu Ying, a research fellow at the Chongyang Institute who studied the economics of the port (The Telegraph).
The Gwadar Development Authority is working on developing residential and commercial areas at the port, spurring growth in real estate and services.
The environmental watchdog of Balochistan has made conditional issuance of its NOC for an upcoming 300 MW coal-based power plant in Gwadar on fulfilment of the condition that the electricity from the new plant would be supplied free of charge to household consumers of the area.
Gwadar is the southern centerpiece of China’s ambitious plan of building energy and infrastructure.
The start of transportation on the corridor already fuelled trading activities in the Balochistan’s city.
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