Moqpondass is a place that is selected for one of the nine Special Economic Zones (SEZs) under China Pakistan Economic Corridor (CPEC) in Gilgit Baltistan (GB) region of Pakistan occupied Kashmir.If we say that GB is the lifeline of CEPC in Pakistan, then it won’t be wrong. The Moqpondass SEZ is spread over an area of 250 acres and it is ideal for the industries such as marble, mineral and leather. The project is ideally located just 35km from Gilgit and 160 km from Skardu. The project can be approached through Sakardu-Gilgit Highway.
Pakistan’s Board of Investment (BOIs) has approved a 40-km road from Gilgit to the Moqpndass Special Economic Zone in 2019. The construction of the project started immediately after the approval during Prime Minister’s visit to Beijing. The area that will be utilized by the Chinese authorities for Moqpondass SEZ is of 750 acres. Special construction units including cement concrete mixing plants and crusher plants have been set up to assist the development work in the area. A storage area has also been set up to park the earth moving equipment and vehicles.
Significance of Moqpondass SEZ
After the construction of the project and implementation of roads plan, the area will be facilitated with better connectivity to the other areas of the territory. In addition, the political status of the territory will be upgraded by the development of this special economic zone in GB. The project will definitely empower the locals of the area which has a population of over 1.9 million. The strategic and geographical location of Moqpondass SEZ will connect it to China, India, and Afghanistan.It is to be noted that the most important geographical aspect of the region is the Shaksgam tract which is a center of attraction for the locals.
The project will allow the construction of many kinds of industries such as;
- Marble and granite
- Iron ore processing
- Fruit processing and value addition,
- Steel industry
- Mineral processing and value addition
- Leather industry
The growing chemistry between China and Pakistan as well as the interest of Chinese companies in investing in Pakistan is tending to change the geographical importance of the area.
Contact Us for More Details
If you want more details about the price and land acquisition, then you can contact us fir gwadar housing societies. We are a group of companies offering affordable rates for investment opportunities in Special Economic Zones.