Gwadar Port Authority Invites Investors to Establish Industrial Units in Gwadar Free Zone

The Chairman of the Gwadar Port Authority (GPA), Noorul Haq Baloch, has extended an invitation to local investors to establish industrial units in the Gwadar Free Zone, offering land on concessional rates. This move aims to facilitate the economic development of Gwadar, with the government offering a 23-year tax holiday, customs duty exemptions, and modern infrastructure. The GPA chairman also inspected the water supply system and announced the imminent operationalization of the long-awaited desalination plant.

Key Takeaways:

• The Gwadar Port Authority has invited local investors to establish industrial units in the Gwadar Free Zone, with land available on concessional rates.
• Businessmen and investors will be provided with government plots in the Gwadar Free Zone on a priority basis.
• The government is offering a 23-year tax holiday, customs duty exemptions, modern infrastructure, and international-standard amenities to investors in Gwadar.
• The meeting also discussed the development of the Gwadar Port, expansion of the deep-sea terminal, and improvements in cargo handling.
• Business leaders urged the government to simplify the investment process and extend the incentives package.
• The Gwadar Port Authority chairman inspected water supply infrastructure, including pumping stations and water storage tanks, and announced the operationalization of the desalination plant.
• The GPA chairman, Noorul Haq Baloch, emphasized the importance of investors in Gwadar's economic development.

Statistics:

• 23-year tax holiday offered to investors in Gwadar.
• Customs duty exemptions available to investors in Gwadar.
• Modern infrastructure and international-standard amenities to be provided to investors in Gwadar.
• 5 pumping stations and water storage tanks constructed for water supply to Gwadar city.

Sources:

• Pakistan Today URL: [1]
• Gwadar Port spokesperson (Name not available in the original text)