First phase of $20b investment in Pakistan completed: Saudi Crown Prince

First phase of $20b investment in Pakistan completed: Saudi Crown Prince

Prime Minister Imran Khan has said Pakistan and Saudi Arabia are 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 between the two countries in various sectors including energy, petrochemical, sports, tourism and other sectors are very important for Pakistan.

Imran Khan said China Pakistan Economic Corridor is a game changer offering connectivity and opportunities of economic development and progress. He said Saudi Arabia should participate in such ventures for regional development.

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 the 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 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 the 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 provided all possible cooperation for release of Pakistani citizens detained in Saudi jails on minor charges.