Edition: English Asia Pacific Africa Europe | Español Français العربية Pусский | 中文简体 中文繁体
Homepage > Biz Video

Chinese company leases Gwadar port for development


11-12-2015 06:41 BJT

China has signed a deal with Pakistan to acquire the usage rights to more than 2,000 acres of land for a Chinese company to develop a massive special economic zone in the deep sea port of Gwadar.

A delegation led by Wang Xiaotao, Deputy Secretary General of China's National Development and Reform Commission, signed a lease agreement with the Pakistani government.

The 43-year lease will see the government of Baluchistan province in southwestern Pakistan provide a 923-hectare swathe of tax-exempt land as part of the China-Pakistan Economic Corridor. The corridor is an ambitious US$46 billion investment plan linking western China to the Arabian Sea.

The contract will let China build an international airport, a free trade area, and a maritime service company in the port with full authority to handle the port's business operations.

Follow us on

  • Please scan the QR Code to follow us on Instagram

  • Please scan the QR Code to follow us on Wechat

We Recommend

  • World Heritage China Part 29
  • Glamorous Indonesia Part 2
  • Along the Coast Part 41
  • Glamorous Indonesia Part 1
  • Dreams and the business reality
  • Philippines' beauty pageant obsession
  • China's love for basketball
  • Box office online
  • Jixi: Land of luminaries II