Gwadar Free Zone to turn into region’s big commercial hub: Chairman COPHC

GWADAR: Chairman China Overseas Port Holding Company (COPHC) Zhang Baozhong, on Sunday, said that with the construction of Gwadar Free Zone, the port city of Gwadar would become a big commercial hub in the region.

In an interview with APP, the COPHC chairman Zhang Baozhong said that development of Gwadar would help to improve the overall economic conditions of the country and also of the local people.

Zhang said that for the construction of Gwadar Free Zone, China has employed around 2,000 local people keeping in view their involvement in the mega project.

He said China was very happy with the strong support extended by Pakistan’s federal and provincial governments for holding of Gwadar Expo 2018.

He said Expo which attracts delegations from countries including Iran, Saudi Arabia and the United Arab Emirates would help in the proper marketing of local products including fishing, embroidery and dairy products.

Yu-FeiMarine Technology Chairman Chon Baoliang told APP that his company would train the locals in fishing and farming.

He said that plan is underway to set up an institute in Gwadar focusing on the new technology of fish catching and long distance fishing.

He further said that the project would prove to be a win-win cooperation between Pakistan and China.

Source: Pakistan Today, 28th January 2018.

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