You are currently viewing $20bn Saudi investment in Pakistan
SAUDI MoU

$20bn Saudi investment in Pakistan

ISLAMABAD: Prime Minister Imran Khan has said Pakistan and Saudi Arabia were enjoying historical relations, which are now focused on investment.

Addressing the banquet ceremony in the honor of Saudi Crown Prince Mohammad Bin Salman and his delegation at Prime Minister House in Islamabad on Sunday, the Prime Minister said agreements signed b

He thanked Saudi Arabia for commendable assistance and investments in Pakistan and said Saudi Arabia has supported Pakistan in all critical and difficult times. 

He said that the investments by Saudi Arabia in Pakistan are in the interest of both countries. He said Pakistan has huge potential in tourism and Saudi Arabia’s cooperation in this sector would benefit a lot.

The Prime Minister urged the Saudi Crown Prince to provide immigration facilities to Pakistani pilgrims in their own countries to facilitate them. He also requested the Crown Prince to play his role in getting about 3000 Pakistani prisoners detained in Saudi prisons on minor charges.

 Crown Prince Muhammad Bin Salman said it is the first phase of investment worth 20 billion dollars in Pakistan and there will be more investments in the future.

The prince said that the investment will prove fruitful for both countries.

He said Pakistan is an important friendly country for Saudi Arabia and the relationship and brotherhood between both countries will be further improved in coming days. He said that Pakistan will move forward in the leadership of Imran Khan.

He said Pakistan has vast potential in tourism and it will be an attractive country for tourism in future.

He assured the Prime Minister that he will provide all possible cooperation for the release of Pakistani citizens detained in Saudi jails on minor charges.

A relevant piece published earlier:

M M Alam

M. M. Alam is a Pakistan-based working journalist since 1981. Karachi University faculty gold medalist Alam began his career four decades ago by writing for Dawn, Pakistan’s highest circulating English daily. He has worked for region’s leading publications, global aviation periodicals including Rotors (of USA) and vetted New York Times as permanent employee of daily Express Tribune. Alam regularly covers international aviation and defense-related events including Salon Du Bourget (France), Farnborough (United Kingdom), Dubai (UAE). Alam has reported thousands of events and interviewed hundreds of people in Pakistan, UAE, EU, UK and USA. Being Francophone Alam also coordinates with a number of French publications.