Gwadar Free Zone North, also known as Phase II, covering 2221 acres, will launch its first formal operation within next 30 days.
This zone will enjoy exemption from all sorts of taxes and customs duties for a period of 20 years.
This watershed development coincides with Agven Private Limited, an export fertilizer company, gearing up for its first production operation in the second week of August.
Agven Private Limited is the first investor to establish an industry in Gwadar North Free Zone. It procured 10 acres of land in the Free Zone to set up a fertilizer factory, marking a first for Gwadar in both size and product.
Agven will start operations under temporary arrangements such as electricity and water provision by China Overseas Port Holding Company.
“The factory’s construction started last year and was completed in a remarkably short time. Agven will offer hundreds of job opportunities and provide local business opportunities in terms of commodities and raw material supply,” Project Coordinator Arslan said,
Located in the centre of the CPEC pilot region, Gwadar, Marina Enclave Gwadar is an upcoming gated community that will provide a luxurious and convenient environment for its residents. Those looking to make a safe investment in Gwadar may do so by purchasing one of the more than 700 residential or commercial plots available in this magnificent project. The investors may book a plot via an interest-free payment plan, with monthly instalments beginning at £80.
