Gwadar Development Authorities is working on a Master Plan for the mega oil city which will have Aramco’s refinery and petrochemical complex.
Shahzeb Khan Kakar, Director General of Gwadar Development Authority (GDA) said the masterplan will be completed in the next six to seven months. Shahzeb Khan Kakar said the proposed mega oil city will be developed on 88,000 acres of land in the Gwadar district.
“The oil city is equally big as Gwadar. We have made the masterplan of Gwadar as a smart city with an area of 88,000 acres, keeping in view requirements up to 2050,” the Arab News quoted DG Gwadar Development Authority.
The deal of establishing Aramco’s oil refinery, which will be the largest refinery in Pakistan, was signed during the visit of Saudi Crown Prince Mohammed Bin Salman in 2019. Aramco will set up the oil refinery with the investment of US $ 10 billion to refine and process petroleum products imported from the Gulf region.