About Gwadar

About Gwadar:

In the southwestern coast of Pakistan, Gwadar is the port city situated in the largest province named Balochistan. The city of Gwadar faces the Arabian Sea and is located about 700 kilometers from Karachi, the largest city of Pakistan in west. Gwadar has its border touching Iran and Oman while Persian Gulf present in its East.
It was from 1783 to 1958, the coastal city was under possession of Oman and Muscat. Pakistan acquired Gwadar from Sultanate of Oman and Muscat on 8th September, 1958 and took it over on 8th December in the same year. The region was later included in Balochistan as Gwadar district on 1st July, 1970.
The past of Gwadar was always a medium- sized locality with most of the population engaged with the fishing business. The economy of Gwadar has hugely relied on fishing until the importance of its location was identified by United States Geological Survey as the deep water port that is very rare in the world. At that time, the region was still the part of Oman.
Until 2001, the chances of Gwadar to be a most important deep water port were untouched. Things turned out to be in favor of this golden city in 2007 when General Pervaiz Musharraf inaugurated its first phase with millions of cost.
With the China’s interest in developing the region, both countries initiated the China- Pakistan Economic Corridor (CPEC) in 2015 April. The project will also play a vital role in China’s aim of One Belt, One Road.
There are billions worth of projects are invested in the CPEC that will interconnect Western China to Northern Pakistan with Gwadar having major position as the bond for Maritime Silk Road and One Belt, One Road projects.
As per the Iran- Pakistan gas pipeline endeavor of floating liquefied natural gas, its huge investment of billions for Gwadar- Nawabshah zone will also be present in Gwadar. Based on the model of Special Economic Zone of China, the Gwadar Special Economic Zone’s construction has also stared by China Overseas Port Holding Company in 2016 June as per the investments made under the guidance of CPEC. For the restoration of Old Town Gwadar, the Gwadar Development Authority has issued request for tenders in 2016, September.