Gwadar International Airport: World-class Destination in the Making
Fasih Khan
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The emerging port city of Gwadar in Baluchistan has become a hotbed for real estate and infrastructure developments in recent years. It is an integral part of the China Belt Road Initiative, locally known as the China-Pakistan Economic Corridor (CPEC). Projects like?Marine Drive?and?Gwadar Cricket Stadium?have greatly added to the city's overall value.
In a bid to make Gwadar the largest and most beneficial free trade zone in the region, a grand-scale international airport project is also being built by the authorities. The facility has been envisioned with the best-in-class features to facilitate local passengers and international travelers, uplifting the significance of the port city as a global destination.
In this blog, we are going to give you all the latest updates on Gwadar International Airport while discussing the project’s location and anticipated features.
LATEST UPDATES ON GWADAR INTERNATIONAL AIRPORT
The international airport project will be completed and operational by September 2023
The very first design and work plan for the Gwadar International Airport were introduced in 2017. However, it wasn’t until March 2019 that the foundation of the project was laid with a high-profile groundbreaking ceremony attended by Prime Minister Imran Khan. Construction work on the project also began in October 2019.?
CONSTRUCTION COST OF NEW GWADAR INTERNATIONAL AIRPORT
The construction cost of the New Gwadar Airport is estimated at PKR 55 Billion ($246 million). It is a mega project spanning 4,300 acres (17 square kilometers). This upcoming airport will have the capacity to handle 30,000 tonnes of cargo a year and accommodate narrow as well as wide-body aircraft, such as Airbus A380, Boeing 747, and 748.
COMPLETION TIMELINE
According to the master plan of the airport, it will have a 3,658 meters long runway, which will be 75 meters wide, enough to accommodate and handle the flight operations of large aircraft. The design and construction contract of the airport has been awarded to the China Communications Construction?Company by the Civil Aviation Authority (CAA) in Pakistan. The work on the airport is expected to be completed by the end of 2022.
As per a recent statement made by the Secretary of Aviation Division Hassan Nasir Jamy, the development work on Gwadar airport is progressing at a satisfactory pace, and the project will be completed and operational by the communicated deadline i.e. September 2023. The project will also bring many new employment opportunities for the locals.
LOCATION OF UPCOMING GWADAR INTERNATIONAL AIRPORT?
The under-construction airport project is located in Gurandani, 26 km northeast of the existing international airport in Gwadar, which is a small-sized facility inaugurated in 1984. The new international airport of the port city will be surrounded by state-of-the-art infrastructure based on a wide network of roads, which will further link it to the Makran Coastal Highway and other important arteries in the region for seamless connectivity.
EXPECTED FEATURES OF GWADAR INTERNATIONAL AIRPORT
The mega project of the upcoming Gwadar airport is being developed at an enormous scale, larger than almost all the other international and domestic airports in the province of Balochistan.?
Like?Jinnah International Airport,?Allama Iqbal International Airport, and other similar facilities across the country, Gwadar International Airport will also provide services to airlines and passengers from all over the world.?
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To provide international travelers with a convenient and pleasurable experience, the airport is expected to be equipped with the following features:
IMPACT OF GWADAR INTERNATIONAL AIRPORT ON THE CITY’S REAL ESTATE
Keeping in view the common market trends in Pakistan, whenever an international airport is developed in a city, it positively influences its property value. The same thing has been predicted in the case of Gwadar. The real estate prices in the port city are expected to witness a significant uptick once the airport is completed and becomes fully functional. Investors have already started to capitalize come Canadian on it.
INVEST IN CANADIAN CITY GWADAR TO ENJOY PROFITABLE INVESTMENT OUTCOMES
So, if you are also looking for an opportunity to tap into the lucrative property market of Gwadar, then you should consider investing in Canadian City, Gwadar. Equipped with state-of-the-art facilities and a rewarding location, this GDA-approved project is a prime investment option in South Asia's next big economic hub.?
The real estate development of?Canadian City?is taking place just 1.5 kilometers away from Makran Coastal Highway. This route allows the project to enjoy direct access to the city’s upcoming international airport, which is only at a distance of 15 kilometers.?
Owing to its proximity to Gwadar International Airport, the property prices in Canadian City are bound to witness a sharp increase shortly, especially when the airport will become operational.?
Another important highlight of this real estate project is that it is a part of the revised Gwadar Master Plan.?Meanwhile, if you want to learn more about the?location, facilities, and investment options in Canadian City, read our detailed guide on the project.
Now that we have given you all the latest updates on Gwadar International Airport and talked about its expected features and potential impact on the port city’s real estate, it’s time for us to wrap up. We’ll update this piece as soon as there are any new developments, so make sure to keep checking back.
On a side note, you may like to read about the?ongoing projects and investment potential of Gwadar’s real estate market. We have also rounded up some of the?most exclusive insights on the port city, which may interest you.