QUETTA: For development of first economic zone in Gawadar, Pakistan has leased 2,300 acres land for 43 years to China, a state-owned Chinese news channel report on Monday.
According to CCTV, China has provided financial and technical support in the construction of the deep-sea port since March, 2002 at Pakistan’s request. The infrastructure construction was completed in February.
The SEZ and the port is part of the China-Pakistan Economic Corridor that aims to connect Gwadar to China’s Xinjiang via a transportation network and improve economic cooperation between the two countries. The Pakistani government has granted the SEZ priority access to resources and preferential tax policies for investors.
