Development work and business activities are gaining momentum at fast pace with the Gwadar site, getting transformed into an ideal destination for potential investors. Pakistani diaspora along with foreign investors can embark on joint ventures at Gwadar, which is not only flanked by strategic location but also an important corridor to rich oil and mineral resources with close proximity to Central Asian States, observed Chief Executive of Gwadar Business Associates, Col ® Fazal Maqbool Afridi.
Gwadar has far better in potential and investment opportunities. The port has been constructed and recently one ship carrying 60,000 tons of wheat has docked. Once this port becomes fully operational, it will have more advantages in terms of businesses as compared to other ports of the region, he added. As far as its geographical location is concerned in comparison to Gulf ports, especially Dubai, it gives more facilities and will handle more cargo and trade because Gwadar is deep sea port and is located on a main shipping route.
For Dubai, ships have to wait for days for route clearance due to Strait of Hormuz. The land locked Central Asian States are also dependant on Gwadar, expressed Col Afridi. China and other countries shall have short route to the world market maintained through Gwadar.
The location of Gwadar Deep Sea Port is such that the whole world businesses converge and diverge at this place. The whole region, even the whole world can also avail trans?shipment facility as the transit cargo (liquid and dry both) can easily be undertaken from Gwadar and transported to any part of the world in a short span of time in comparison to other ports, he viewed.
Due to transshipment there will be lot of requirement of warehousing and container yards, he stated adding, being a deep sea port on a main shipping route it will facilitate the movement of cargo.