New Gwadar Int’l Airport to attract investment: Report

Author: Agencies

China-aided New Gwadar International Airport (NGIA) is set serve as strong transportation link to attract local and international investment, says a report published by Gwadar Pro on Sunday.

Equipped with the spirit of inclusive connectivity with state-of-art airway features, NGIA is going to serve a dynamic precursor for spin-off effects on development horizons of Gwadar as well as Balochistan.

One of impactful roles of NGIA in the development lies in attracting local and international investment. Since inception of Pakistan, Balochistan and Gwadar areas have direly needed modern air connectivity. Scattered businesses’ locations afflicted by lack of air transportation system have also marred the development pace in Gwadar and Balochistan.

Indeed, good air transport links play a role to influence where companies choose to invest.

Since many projects have been completed to revamp airways, roadways and railways under CPEC framework, Balochistan has seen improvement in investments, signaling the region’s potential for growth. Infrastructure projects, including NGIA, have chartered new course of connectivity to help link Balochistan more effectively with the rest of Pakistan and neighbouring countries.

Owing to its geostrategic and geoeconomic position, NGIA is also set to furnish a positive role in boosting international trade. It will create a crucial link between businesses and various global markets, greatly expanding their potential customer base. This is especially important for tech-driven, knowledge-based industries and time-sensitive product suppliers.

By reaching more customers through air travel at NGIA, companies will achieve abundant economic gains. Increased exposure to global competition also pushes local businesses in Gwadar and Balochistan to improve their efficiency to stay competitive.

Many industries use air transport to support their ‘just-in-time’ production processes, providing flexibility in the supply chain and cost savings by reducing the need for large inventories.

NGIA stands prepared to meet such trends in befitting manner.

Moreover, airports are crucial in the global supply chain, especially for time-sensitive and high-value goods. NGIA’s role in facilitating efficient logistics and supply chain management directly will also impact the productivity and competitiveness of various industries in Balochistan.

NGIA will not only just help people travel better but will play a prolific role in boosting local economy in Gwadar and Balochistan by creating jobs and increasing incomes.

Research shows that with staggering passengers’ volume, airports can create jobs in various roles, from pilots and air traffic controllers to ground crews, security personnel, office staff, maintenance teams, and retail workers.

Share
Leave a Comment

Recent Posts

  • Business

Digital divide could hinder economic growth, youth empowerment, experts warn

Experts have warned that the digital divide is endangering economic growth and youth empowerment. With…

2 seconds ago
  • Business

FBR launches crackdown on retailers and restaurants issuing manual receipts

The Federal Board of Revenue (FBR) has initiated a crackdown on retailers and restaurants issuing…

12 seconds ago
  • Business

High cost of doing business hurts trade, industry the most: BMP

The Federation of Pakistan Chambers of Commerce & Industry’s Businessmen Panel has called for keeping…

15 seconds ago
  • Business

With 5.2m businesses, SMEs fostering employment, economic growth: PIAF

The Pakistan Industrial and Traders Associations Front (PIAF) chairman Faheemur Rehman Saigol has said that…

2 mins ago
  • Business

FFP to showcase entire range at Saudi International Halal Expo 2024

Family Food Products, a leading Pakistani company, will showcase its entire range of international standard…

2 mins ago
  • Business

PFC chief calls for strengthening bilateral trade to reduce Pakistan’s trade deficit

Pakistan Furniture Council (PFC) Chief Executive Officer Mian Kashif Ashfaq has emphasised that Pakistan needs…

3 mins ago