Saudi Arabia desires to become partner in CPEC

Saudi Arabia desires to become partner in CPEC
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ISLAMABAD - The Saudi minister for energy Khalid bin Abdul Aziz said that his country wanted to contribute to Pakistan’s economic development through establishing an oil refinery and partnership in the CPEC.

He said that Saudi Arabia was also interested in investing in other sectors.

Referring to the proposed oil refinery, 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.

Ghulam Sarwar Khan welcomed the Saudi delegation and appreciated the efforts Saudi Arabia was making to contribute to economic development of Pakistan. He termed the Saudi delegation’s visit to Gwadar a significant event.

The petroleum minister said that the federal cabinet had already approved the Saudi government’s plan for establishing an oil refinery in Gwadar. With the setting up of the oil refinery, Saudi Arab would become an important partner in the CPEC, he added.

He said that the project would not only prove a milestone in the development of Pakistan but also write a new history of prosperity and economic development in the entire region.

The minister for maritime affairs suggested that Saudi Arabia should also invest in the agriculture sector.

Earlier, Gwadar Port Authority Chairman Dostain Jamaldini, Gwadar Development Authority Chairman Dr Sajjad Baloch and China Overseas Port Holding Company Chairman Zhang Baozong briefed the Saudi delegation about the CPEC and the development projects launched in Gwadar.

Economy