Adviser to Prime Minister on Commerce Abdul Razak Dawood on Monday (Feb 18) while addressing the Pak-Saudi Business Conference in Islamabad, said that Saudi investment will strengthen our economy as well as a new chapter has begun in bilateral relations of Pakistan and Saudi Arabia.
“Saudi investment in Pakistan is highly significant for positive trajectory of the country’s growth and economy”, Dawood said. Stating that “Saudi Arabia is a partner of Pakistan in its journey of prosperity”, Razak Dawood said, “Investment in mining and mineral development from Saudi investors will be highly appreciated.”
“Our relationship with Saudi Arabia is escalating in a different direction and at a different level. The Saudi announcement of huge investment in various sectors of Pakistan will improve our economy,” he added. Razak Dawood vowed, “Saudi investors and businesses will be provided all out facilities in their ventures.”
“The Saudi crown prince has expressed desire to turn the bilateral relations with Pakistan into a strategic partnership. MbS has also asked to give assurances that Pakistan and Saudi Arabia are partners in development,” he added.
Pakistan and Saudi Arabia signed $20 billion (Rs2.8 trillion) worth of MOUs during the visit of Saudi Crown Prince Mohammed bin Salman. Saudi Crown prince is on two day official visit to Pakistan. Saudi Arabia will invest $20billion in different sectors including an oil refinery in Gwadar. The MOUs were signed for the Saudi investment in the energy, petrochemicals, sports, agriculture, tourism and other sectors. His visit will further strengthen historic and deep relationship between the two brotherly countries.
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17 July, 2019