17.2 C
Hamburg
Wednesday, June 4, 2025
Home Port News Gwadar to be leading trading port in the region

Gwadar to be leading trading port in the region

Pakistan’s Minister of Planning, Development and Reforms Khusro Bakhtiar said on Saturday that a comprehensive plan is being made to develop Gwadar port in the country’s southwest Balochistan province on modern lines, under the China-Pakistan Economic Corridor (CPEC).

Addressing a press conference here, Bakhtiar said that the country’s blue economy has a huge potential and a comprehensive plan is being made to enable Gwadar to emerge as a leading trading port in the region.

A master plan regarding the development of the former fishing town is in final stage, and once the plan is implemented it will attract foreign investment, making Gwadar a transshipment hub, he said.

Read more on Xinhua.

 





Latest Posts

MAN Energy Solutions rebrands as Everllence

MAN Energy Solutions has officially rebranded to Everllence, marking a pivotal step in the company’s strategic evolution. The new global identity underscores its expanding role...

HHLA acquires majority stake in Ukrainian terminal

Hamburger Hafen und Logistik AG (HHLA) has decided to invest in a Ukrainian terminal, acquiring 60% of the shares in Eurobridge Intermodal Terminal LLC...

India vows to emerge as shipbuilding power through external partnerships

India's shipbuilding sector is experiencing a strategic transformation, driven by a convergence of geopolitical motives, national industrial goals, and ambitious maritime visions. Under Prime Minister...

Sierra Leone’s Freetown Port prepares for digital transformation

A needs assessment mission conducted in Sierra Leone from 26 to 30 May has laid the groundwork for the introduction of a Maritime Single...

APM Terminals Lázaro Cárdenas receives six new electric cranes

APM Terminals Lázaro Cárdenas has received six cutting-edge electric automated rail-mounted gantry cranes, marking a significant step forward in modernizing Mexico’s logistics infrastructure. These cranes...
error: Content is protected !!