The corridor is designed to give China a shorter, more secure trading route, via Pakistan PHOTO: EXPRESS
Karachi: Mega Movers Pakistan, the developers of Shahdadkot Inland Container Terminal (SICT) has planned an initial public offering (IPO). Listing the Rs.85 million project on the stock exchange will help capitalize economic activities in and around Gwadar.
Being Pakistan’s largest logistics park, it will house business complex, hotels, motels, warehousing and a logistics fleet to connect SICT with Gwadar port. Much of the load from Karachi and Port Qasim will direct to Gwadar port.
As a result to the commencement of economic and business activities, the need for housing facilities will boost real estate sector.
Expecting an annual revenue of $45 million, SICT is expected to start operations by 2020. Developed at Gwadar Rato Dero M-8 Motorway, SICT is spread over an area of 60 acres with a capacity to handle 1.0 million twenty foot equivalent units (TEU) annually.
SICT Logistics Park will not only generate nearly 3700 employment opportunities but also attract local and international businesses.
For news and updates keep on visiting Graana blog
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