Saudi Arabia likely to make big investment in energy sector in Pakistan

ISLAMABAD – Saudi Arabia has shown interest to invest in alternative energysector in Pakistan.

The interest was expressed by a Saudi delegation led by Advisor on EnergyAhmad Hamed Al-Ghamdi at a meeting with Energy Minister Omar Ayub inIslamabad on Monday.

The Minister informed the Saudi delegation about the power production andnew hydropower projects in Pakistan.

He said there is huge potential of investment in energy sector in Pakistan.He said foreign investors will be provided facilities at every level.

The Saudi delegation assured full cooperation for resolution of theproblems in energy sector.

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Meanwhile, the Saudi delegation also met Advisor on Trade Abdul Razzak Daud.

The two sides discussed ways to increase bilateral trade.