BEIJING: A multimillion dollar port being developed by China in Pakistan is set to be at "full operation" by the end of the year, and it will be turned to be trading hub, a Chinese official said.

Gwadar Port, will see roughly 1 million tons of cargo going through it by 2017, said Zhang Baozhong, chairman of China Overseas Ports Holding Co.

"We hope a big jump will take place in the trade relations between the two countries and overall development of the whole region. Our dream is to make Gwadar a regional trading center," he said in an interview.

Gwadar, in Balochistan province, forms what officials call the "heart" of the China Pakistan Economic Corridor, a $46 billion project giving China greater access to the Middle East, Africa and Europe through Pakistan.

The port was built in 2007 with technical help from China as well as Chinese financial assistance of about $248 million.

Zhang said the cargo will initially comprise "quite a number" of construction materials for the city's development, which Pakistani officials envision turning into another Dubai.

Exports will at first focus on the local fishing industry, he said, with a modern processing plant planned for the area, though he would not give a timeline for the plant.

"We shall try to process it here ... So that the locals can benefit," he noted.