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China Plans $1.34B Investment in Gwadar
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China Plans $1.34B Investment in Gwadar
China’s Shandong Xinxu Group is planning to invest $1.34 billion to develop an integrated maritime industrial complex (IMIC) at Port Qasim in Gwadar. The project aims to modernize port infrastructure, establish shipbuilding and recycling facilities, and integrate steel production, turning Gwadar into a hub for heavy industry and logistics. The investment, with $800 million earmarked for shipbuilding and $540 million for other components, is cont…
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