Free Zone To Turn Gwadar Into Region’s Big Commercial Hub: Chairman COPHC
Chairman China Overseas Port Holding Company (COPHC) Zhang Baozhong on Sunday said with the construction of Free Zone, the port city of Gwadar would become a big commercial hub in the region.
In an interview with APP, the Chairman COPHC said development of Gwadar would help to improve the overall economic conditions of the country and also of the local people.
Zhang said for construction of Gwadar Free Zone, China had employed around 2,000 local people keeping in view their involvement in the mega project.
He said Expo which would attract delegations from countries including Iran, Saudi Arabia and the United Arab Emirates would help proper marketing of local products including fishing, embroidery and dairy products.
Chairman Yu-FeiMarine Technology of China Chon Baoliang told APP that his company would train the locals in fishing and farming.
He said the plan was in offing to set up an institute in Gwadar with the new technology of fish catching and long distance fishing.