ISLAMABAD, Feb. 12 ( inp) – The government has planned to develop its first man-made ‘Chand Tara Island’ a residential area of the Central Business District in Gwadar with a cost of $10 billion.

Quoting reseachsnipers, Gwadar Pro reported on Wednesday, that the 78-page master plan of Gwadar, says this project will be a collaborative effort between the Pakistani government and a Chinese enterprise, China Communications Construction Company.

The island will feature a state of the art amusement park, art & culture museum, grand theatre, concert hall, international expo center, hotels, resorts, shopping malls, and waterfront walk. It will stretch from the Marine Drive towards Zero Point.

As per the detailed report, there is a plan to make Gwadar the next trade and economic hub of Pakistan and South Asia. In the long term, its economy will surpass $30 billion per annum.

It is expected that the project will create almost 1.2 million high-paid jobs. This will take the per capita income of Gwadar to $15,000 in comparison to the current per capita income of around $1,500.

If things go as planned, Gwadar will become the third-largest city of Pakistan by economic output with high-paid jobs, a tax-free environment, high-tech industries, huge shopping malls, man-made islands and the home to the largest international airport of Pakistan.

Inp/javed