Latest Updates on Upcoming Gwadar International Airport
Location of International Airport in Gwadar
Expected Features of Gwadar Airport
International Airport and City’s Property Sector
The emerging port city of Gwadar in Balochistan 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 overall value of the city.
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 travellers, 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 very first design and work plan for the Gwadar International Airport were introduced in 2017. However, it wasn’t until March 2019 when 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 kilometre). 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 metres long runway, which will be 75 metre 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 Federal Minister for Planning, Development and Special Initiatives Ahsan Iqbal, the development work on Gwadar airport is progressing at a satisfactory pace. The facility will be completed and made operational on the recently announced deadline, i.e. March 23, 2023. “It will be a gift for the people of Balochistan on Pakistan Day,” Ahsan Iqbal added. 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 basically 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.
To provide international travelers with a convenient and pleasurable experience, the airport is expected to be equipped with the following features:
- Grand entrance with multiple gates and security walkthroughs
- Large atriums, spacious passageways, and halls
- Fully air-conditioned interior
- Highly Secured facility with Round-the-clock CCTV surveillance
- Fully equipped waiting area for passengers with free Wifi services
- Offices of travel agencies, airline companies, and concerned authorities
- Duty-free shops
- Presence of world-class hotels and accommodations nearby
- Availability of on-site cab/rent-a-car services
- Ample parking space
- High-speed elevators and escalators for the convenience of visitors
- Cafeteria based on world-class restaurants and fine dining experiences
- Massive cargo management facilities (handling passengers’ luggage and freight shipping)
- Thousands of metre long runway and control towers to control day-to-day flight operations
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 capitalise 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 the next big economic hub of South Asia.
The real estate development of Canadian City is taking place just 1.5 kilometres 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 kilometres.
Owing to its proximity to Gwadar International Airport, the property prices in Canadian City are bound to witness a sharp increase in the near future, 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.
We’re here to answer all your queries and appreciate your feedback on our pieces, so feel free to drop us an email at blog@zameen.com.
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.
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