Gwadar and CPEC are synonymous: Pakistani real estate tycoon
By Shafqat Ali
ISLAMABAD, September 21（Gwadar Pro）- Pakistani real estate tycoon Shazil Imtiaz Rafi said that Gwadar and China-Pakistan Economic Corridor (CPEC) are synonymous and important for uplifting the economy of Pakistan.
Shazil Imtiaz Rafi, the Managing Director of Rafi Group, predicted that CPEC will push Pakistani economy to higher levels.
“Gwadar and CPEC are synonymous and important for uplifting the economy of Pakistan,” he commented in an interview.
Keeping in view the growth of Gwadar being a focal point of CPEC, the Rafi Group launched its flagship project Green Palms Housing, which spans over 10,000 kanals (one kanal equals 605 square yards) to meet the future residential and commercial needs in the wake of the imminent migration towards the developed port city.
The first phase of the project, development of 4,000 kanals, is scheduled to be completed in 2023. Shazil Imtiaz Rafi, the younger son of Rafi Group Chairman Imtiaz Rafi, supervised the purchase of all land in Gwadar well before the start of the development work under CPEC. This young entrepreneur believes that the CPEC and Gwadar are synonyms and key to the economic growth of Pakistan.
“The Gwadar Smart Port City project is part of CPEC. Development of ports, expressways, airports and powerhouses will increase the importance of Gwadar as a business hub. To contribute to the value chain, we have launched Green Palms Housing to cater to the needs of possible migration of people,"Shazil Imtiaz Rafi remarked.
He added: “The state-of-the-art housing scheme is at a six-kilometre distance from the sea, with one-and-a-half kilometres front on the coastal highway. There are 10 boulevards, each 160-feet wide, in the housing scheme, covering more than 10,000 kanals.”