[1][2] The GPA was founded to oversee the planning, construction, operations, management, and maintenance of the Gwadar Deep Water Port, located on the Arabian Sea in Balochistan province, Pakistan.
Following the completion of Phase I, the Government of Pakistan in February 2007 signed a 40-year agreement with PSA International for the development and operation of the port, and an adjacent 584-acre special economic zone.
[6] PSA International was the highest bidder for the Gwadar Port, after its competitor DP World withdrew from the bidding process.
[10] The contract signing ceremony was held on 18 February 2013 in Islamabad, and was attended by Pakistani President Asif Ali Zardari, Chinese Ambassador Liu Jian, as well as various federal ministers and members of parliament, as well as senior government officials.
[13][14] This initiative is a component of a comprehensive plan aimed at stimulating economic activities and expediting industrialization in the Gwadar region.