Gwadar and CPEC are synonymous: Pakistani real estate tycoon

Islamabad: Pakistani real estate tycoon Shazil Imtiaz Rafi has said that Gwadar and the 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 the CPEC will push the Pakistani economy top 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 the 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 the CPEC. Development of port, expressways, airport 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.”