Chinese firm to develop SEZ in Gwadar

SOE gets 43-year lease for 152 hectares of land in Pakistani port

China Overseas Port Holding Co Ltd, the State-owned company which operates the Gwadar port in Pakistan, has got permission to set up a special economic zone spread over 152 hectares in the strategic deep-water seaport.

The land will be leased to the Chinese company for 43 years and the zone will have among other things a large exhibition center for showcasing Chinese and Pakistani products.