Mega Associate

Gwadar is a game changer

Gwadar is going up

The distance between Gwadar and Karachi, the main commercial city of Pakistan, is 533 km and the distance to Iran’s border is 120 km. After 200 years of Oman’s Kingdom governance over Gwadar Port, by US mediation in the negotiations between Pakistan and Oman, finally this port was sold to Islamabad on 8th Dec. 1958 at the price of 3 million dollars.

The initiary plans for the development of Gwadar was first introduced in 1992 but due to lack of resources on one hand and international sanctions against Islamabad for examining atomic bomb on the other, the plan did not become operational. Finally by the agreements that were reached between Pakistan and China and China’s investment in this project, the first phase of the development plan started to be studied and constructed in 2002. In 2007 the construction of the first phase was completed and on 15th March 2008 Gwadar Port was launched by the entrance of a 70000 ton cargo.

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Gwadar Port: A double-edged sword for Iran - Mega Associates The distance between Gwadar and Karachi, the main commercial city of Pakistan, is 533 km and the distance to Iran’s border is 120 km. After 200 years of Oman’s Kingdom governance over Gwadar Port

In a report by Washington-based nonprofit research group C4ADS, titled ‘Harboured Ambitions: How China’s port investments are strategically reshaping the Indo-Pacific’, China analysts Devin Thorne and Ben Spevack noted, “Questions surrounding China’s intentions plague the BRI”.

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Is China Taking Over The World One Port At a Time? - Mega Associates Launched in 2013, China’s ambitious Belt and Road Initiative (BRI) has been pegged as a trade masterstroke meant to recreate the ancient Silk Road, facilitating development along the way in a win-win situation for China and partnering countries.

A local company Eiwan has launched this project, catering the real estate & housing societies rising demand in Gwadar due to CPEC.

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https://www.megaassociate.com/housing-project-eiwan-launched-gwadar/

BeachFront Housing Project Eiwan Launched in Gwadar - Mega Associates Oshun Eiwan, Pakistan’s first beachfront housing project is launched in Gwadar. A local company Eiwan has launched this project, catering the real estate & housing societies rising demand in Gwadar due to CPEC.