Balochistan Federal sign MoU for Gwadar Shipyard Project.
QUETTA: Federal Minister for Defence Production Zubaida Jalal has said that the federal and provincial governments.Balochistan, Federal sign MoU for Gwadar Shipyard Project for the socio-economic development of Balochistan as it holds the economic future of Pakistan.
While speaking at the signing ceremony of a memorandum of understanding (MoU) for the establishment of Gwadar shipyard on Tuesday, she said not only ships would be built at the yard, but it would also provide repairing facilities in the region, and training facilities would also be available.
She said that this project is of great regional importance strategically and after completion, it will not only create employment for the locals but will boost revenue generation for the provincial economy.
She said that in the first phase technical and managerial human resources would come from other areas of the country, but after completion of training, locals would be inducted on these posts.
“The project office has been opened in Gwadar and after completion of its feasibility study in two to three years, the construction of the project will be started,” she added.
Chief Minister Jam Kamal Khan said that joint initiatives of federal and provincial governments will usher in a new era of prosperity and economic development in the province.
“Construction of Gwadar shipyard will benefit the business community in general and population of Balochistan as a whole,” he said.“The provincial government is planning to promote tourism in Gwadar, jetty, fish processing units, and other projects while the shipyard project will not affect the population,” he said.
Secretary Industry Balochistan Hafiz Abdul Majid and Additional Secretary Defence Production Ghulam Jaffar signed the MoU.