Islamabad Politics Report: CPIC has won its second accolade as China has chosen its subsidiary, China-Pak Golf Estates (CPGE) for being the Best Developer in Gwadar and Best Developer in Pakistan.
Mr. Ryan He, the CPIC board member, received the award given at the Shenzhen Real Estate Expo, 2018 on behalf of the company.
CPIC is a privately held investment company focused on real estate investment opportunities within the $62 Billion China Pakistan Economic Corridor (CPEC).
The award celebrates CPIC’s second mega development in the flourishing port city of Gwadar. China-Pak Golf Estates is a grand gated golf community worth $265 million and is spread across 6.7 million square feet. It is tailor-made for both Pakistani and Chinese professionals and provides all of the amenities and facilities needed for a quality lifestyle.
China Pak Golf Estates will provide much needed housing in Gwadar and Pakistan, which is facing a significant housing shortage right now.
Everything is provided within the community to enable residents to live, work and play including, a residents golf course, easy access to the CPEC Coastal Highway, and the beach, its own international shopping mall, a multiplex cinema, community parks, the China Pak Medical Centre, the China Pak High School and a state of the art, Eco-Zone Recycling Centre. It is set to become the most desirable residential and lifestyle address in Gwadar.
CPIC Board member, Ryan He, on the occasion commented on the acknowledgment.
“We know that China-Pak Golf Estates is a wonderful development and will provide a cohesive and sustainable community in Gwadar, so it’s uplifting when others in our industry can see that too. Our team have worked really hard to deliver an exciting, safe and luxurious development. Our developments will be timeless and sustainable and will set high standards through introducing international best practices of trust, transparency and quality construction,” he said.
CPIC is a privately held investment company focused on real estate investment opportunities within the $62 Billion China Pakistan Economic Corridor.
CPIC’s development, International Port City, sold out in record time. China Pak Golf Estates, has been officially launched in Shenzhen.
It merits mention that CPIC is a responsible organisation contributing to the economic and social development of Pakistan working alongside local stakeholders and operates by employing a minimum of 50% local work force.
The construction began in June 2016 on the Gwadar Special Economic Zone, which is being built on a 2,292-acre site adjacent to Gwadar’s port. The swathe of land was handed to China in November 2015 as part of a 43-year lease.
CPEC is the largest unilateral investment from one country into another and consists of a bouquet of projects, presently under construction, at a cost of $62 billion. It aims to improve Pakistani infrastructure and to deepen the economic and political ties between China and Pakistan.