China’s Hangeng Trade Company (SMC-Private) Limited and Australia’s Master Leap Group Private Limited have formalized a memorandum of understanding to develop a seafood processing industrial park within the Gwadar Free Zone, marking a fresh milestone in Gwadar’s expanding industrial footprint. The proposed venture carries an estimated investment of $50 million.
A Facility Built for Global-Standard Processing
Per the terms of the agreement, the park will be equipped with state-of-the-art seafood processing infrastructure, including Individual Quick Freezing (IQF) systems, refrigerated storage warehouses, dedicated packaging units, quality-assurance laboratories, and a fully integrated cold chain logistics network positioning the facility to meet international export standards.
Construction Timeline Takes Shape
Hangeng CEO Andy Liao told Gwadar Pro that groundwork could commence within six months, with the project’s first phase targeted to become operational around June 2028, signaling a relatively swift path from agreement to execution.
Groundwork Before Full-Scale Rollout
Ahead of implementation, the partnering firms plan to complete a feasibility study, establish a formal joint venture, and pursue avenues for securing financing. Once operational, the park is expected to serve as an export hub supplying seafood to China, Australia, the Middle East, Southeast Asia, and Europe broadening Gwadar’s role in regional and global seafood trade.
Sustainability and Community at the Core
Beyond its commercial scope, the MoU incorporates commitments to sustainable seafood sourcing, environmental protection, and community development including local employment generation, professional skills training, and long-term procurement partnerships with local fishermen, aligning the project with broader goals for inclusive economic growth in the region.
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