Gwadar Free Zone attracting investment despite COVID-19: Chairman COPHC
BEIJING, August 8 (APP): The investment in Gwadar Free Zone keeps growing and despite COVID-19 pandemic, four plants and workshops have been completed and will go into operation this year, said Zhang Baozhong, Chairman of Chinese Overseas Port and Holding Company (COPHC).
Furthermore, with 12 new investors’ registration, the number of investors in the free zone in total has reached 56, he said while presenting latest progress of Gwadar, China Economic Net (CEN) reported on Saturday.
He informed that through Gwadar Port, the transit trade to Afghanistan has begun for the first time and added, “It’s also the first time that the bagging of DAP fertilizer has been done in Pakistani port, instead of foreign ports. This move alone has created thousands of jobs for the local people.”