Gwadar City facts for kids
Gwadar is a special city located on the southwestern coast of Pakistan. It sits right on the Sea of Oman, which is part of the big Arabian Sea. Gwadar is in a really important spot because it's between three major areas:
- The Middle East, which has lots of oil.
- South Asia, a region with many people.
- Central Asia, which is growing fast and has many natural resources.
This unique location makes Gwadar a key place for trade and connections between these different parts of the world.
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The Important Gwadar Port
The most important part of Gwadar is its deep-sea port, called the Gwadar Port. This port is being developed to handle a lot of ships and cargo. It's expected to bring in billions of dollars for Pakistan and create at least two million jobs for people.
Who Manages the Port?
In 2007, the government of Pakistan made a deal with a company called PSA Singapore. They gave this company the job of managing the port for 25 years. This means PSA Singapore helps run the port's daily activities.
A Special Tax-Free Zone
The Gwadar Port was also given a special status: it became a Tax Free Port for 40 years. This means that businesses operating at the port don't have to pay certain taxes. This encourages more companies to use the port, which helps the economy grow.
International Investment
The People's Republic of China has also invested a lot of money into the Gwadar Port. China sees Gwadar as a very important part of its plan to connect different countries for trade, especially for oil and gas. This helps both Pakistan and China by making it easier to move goods around the world.
