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Saudi crown prince to visit Pakistan in February for huge investment deal

Saudi crown prince to visit Pakistan in February for huge investment deal

Jan 13, 2019 - 18:21

KABULinfo-icon (Pajhwok): Saudi Arabia Crown Prince Mohammad Bin Salman would visit Pakistaninfo-icon in February to sign an agreement on setting up an oil refinery in Gwadar at a cost of $10 billion, according to a media report on Sunday.

The Petroleum and Energy Khalid Bin Abdul Aziz said this after arriving in Gwadar along with a delegation to inspect the site for the proposed oil refinery in the port city, the ultimate destination of the China-Pakistan Economic Corridor (CPEC). 

According to Dawn, Mr Abdul Aziz said that it would prove to be a landmark development for the entire region as a centre point for changes in purchase, import and export of oil.

He said that the Saudi government would complete installation of the oil refinery in minimum time.

The Saudi minister said that Pakistan and his country enjoyed cordial economic, social and deep-rooted friendly relations since a long time. Saudi Arabia had always provided financial and economic help to Pakistan and would continue to do so in future.

He said that he was visiting Gwadar on the instruction of the Saudi king.



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