In recent years, the developing port city of Gwadar in Balochistan has become a beehive of real estate and infrastructural development. It is an important element of China’s Belt Road Initiative, also known as the China-Pakistan Economic Corridor in Pakistan (CPEC). Marine Drive and the Gwadar Cricket Stadium have significantly improved the city’s total worth. The authorities are also working on a massive international airport project in order to build Gwadar the region’s largest and most favorable free trade zone. The facility has been created with the greatest amenities to help local and international travelers, highlighting the port city’s importance as a worldwide destination. In this blog, we’ll describe the project’s location and planned characteristics, as well as provide you with the most recent information on Gwadar International Airport.
Latest updates on GWADAR International Airport
Gwadar International Airport’s first proposal and development plan was revealed in 2017. The project’s foundations, however, were not laid until March 2019, with a highly publicized groundbreaking event attended by Prime Minister Imran Khan. The project began in October of this year.
The Cost of Building the New GWADAR International Airport
The new Gwadar airport is expected to cost PKR 55 billion ($246 million) to build. It’s a massive project that spans 4,300 acres (17 square kilometers). This proposed airport will be able to carry 30,000 tonnes of cargo per year and will be able to accept narrow and wide-body aircraft such as the Airbus A380, Boeing 747, and Boeing 748.
Times for Implementation
According to the master plan, the airport will feature a long runway that is 75 meters wide, which will be enough to accommodate and manage jumbo jet aircraft operations.
The Civil Aviation Authority of Pakistan (CAA) has awarded China Communications Construction Company the design and construction contract for the airport. The airport renovations are scheduled to be finished by the end of 2022. The project will be finished and operating by the specified date of September 2023, at a suitable pace. The initiative will also provide a large number of new job possibilities for the locals.
The next GWADAR International Airport’s Location
The new airport is being built near Gurandani, 26 kilometers northeast of the present Gwadar International Airport, which is a tiny facility that first opened its doors in 1984. The new international airport in the port city will be surrounded by cutting-edge infrastructure built on a vast network of roadways that will connect it to the Makran coastal highway and other important arteries in the region for seamless connectivity.
GWADAR International Airport’s Expected Features
The impending Gwadar airport megaproject is taking shape on a grand scale, dwarfing practically all of Baluchistan’s existing international and domestic airports.
Gwadar International Airport, like Jinnah International Airport, Allama Iqbal International Airport, and other comparable facilities around the country, would serve airlines and people from all over the globe.
The airport should have the following elements to give foreign travelers a comfortable and joyful experience:
- Multiple gates and security walkthroughs adorn the grand entryway.
- Atriums, corridors, and halls are all large.
- The interior is fully air-conditioned.
- A facility that is very secure and monitored 24 hours a day, 7 days a week Surveillance by CCTV
- Passengers have access to a well-equipped waiting area with free Wi-Fi.
- Travel agencies offices, airline companies offices, and related authorities offices
- Duty-free shops are stores that are not subject to taxes.
- The presence of world-class hotels and motels in the immediate vicinity
- On-site cab/rent-a-car services are available.
- There is plenty of parking.
- Visitors will like the high-speed elevators and escalators.
- Cafeteria inspired by luxury dining and world-class eateries
- Massive cargo management facilities (for handling baggage and freight shipments)
- To handle day-to-day aviation operations, there are thousands of meters of runway and control towers.
Gwadar International Airport’s Impact on Real Estate City
According to Pakistani market trends, the development of an international airport in a city has a favorable impact on the city’s land value. In the case of Gwadar, the same has been projected. Once the airport is constructed and fully operational, real estate prices in the port city are likely to skyrocket. This has already been taken advantage of by investors.
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So, if you’re seeking a way to get a piece of Gwadar’s wealthy real estate market, you might consider investing in the Canadian city of Gwadar. This GDA-approved project is a premium investment prospect in South Asia’s next major economic hub, with state-of-the-art amenities and a favorable location.
Only 1.5 kilometers from the Makran beach highway is where the Canadian City property development is taking underway.
This road provides the project with direct access to the city’s new international airport, which is only 15 kilometers away.
Because of its closeness to Gwadar International Airport, property values in Canadian City are expected to skyrocket in the near future, particularly after the airport is open.
Another notable feature of this real estate development is that it is included in the redesigned Gwadar Master Plan. Meanwhile, read our in-depth guide to Canadian City to discover more about the project’s location, amenities, and investment choices.
It’s time for us to wrap things up now that we’ve given you all the newest information on Gwadar International Airport, as well as discussed its expected features and possible influence on the port city’s real estate.
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