Gwadar Shipyard

The project is a joint venture between the national and regional governments of Pakistan, formalized through a Memorandum of Understanding (MoU) signed in February 2021.

[3][4] The potential of Gwadar to function as a significant deep-water seaport was initially recognized in 1954, even during its period under Omani control.

The port was officially inaugurated by Pervez Musharraf following four years of construction, with a total expenditure of $248 million.

This project aims to revitalize the domestic commercial shipbuilding and repair industry, create employment opportunities and contribute to the economic development of the region.

The Gwadar Shipyard is envisioned to be a major facility catering to not only Pakistan's needs but also those of neighboring countries.