In a major development, “Gwadar Free Zone (Phase II)” goes into formal action after the initiation of lands’ allocation process and soil testing rolled out by registered companies, Gwadar Pro reported on Wednesday.
Gwadar Free Zone (Phase I) is already completed and functional. The get-going makes a headway within 32 weeks after Prime Minister Imran Khan inaugurated the Gwadar Free Zone (Phase II) during his visit to Gwadar on July 05, 2021 while launching a number of other development and infrastructure projects including an expo centre, agriculture industrial park and three factories.
According to the report, Agvon, a Chinese company, has formally set in motion its physical work by initiating soil testing investigation, according to its first phase of infrastructure development plan. On allocation of 10 acres of land, the Agvon dredging team is working round the clock.
“As per agreement, Agvon plans to build a state-of-the-art Fertilizer Processing Plant within the stipulated time period,” Mr. Majid, an official of China Overseas Port Holding Company (COPHC) told Gwadar Pro.
“Another company, Hang Geng, has been allocated 10 acres of land. It will launch infrastructure work after finishing the mandatory licensing process as per set rules and regulations,” he added. The company intends, he said, to run a pharmaceutical factory that will produce medicine from animal skins.
“More companies, including Essatex industries, Bari Textile and Idrees Steel, have also entered into agreements. Each of them has also been allocated one acre of land and following the completion of prescribed modalities, procedures will be seen in action soon,” he expounded.