Saudi Arabia expressed keen interest in Gwadar, CPEC
Shares
ISLAMABAD - Saudi Arabia has expressed its keen interest in exploring more avenues for investment in Gwadar under CPEC, as there is a huge potential for trade and economic activities.
This was deliberated during a meeting of the Saudi Shura Council Chairman Dr Abdullah Bin Muhammad Bin Ibrahim Al-Shaikh with Senate Chairman Muhammad Sadiq Sanjrani at a reception hosted in honour of the Saudi Shura Council.
The Senate chairman observed that mutual trust and confidence had been witnessed in the decades-long friendship between the two sides. Referring to the investment opportunities in Pakistan, he observed that an environment conducive to multi-sector investment existed in Pakistan, and Saudi investors would benefit from the investment opportunities.
Sanjrani said he considered the visit of Saudi Crown Prince Mohammad bin Salman as highly important, as it would help in laying the foundation for a new era of cooperation.
He said that Saudi investment had helped in rejuvenating the confidence of international community in Pakistan.
He said that during the visit of the crown prince, MoUs envisaging Saudi investment worth $20 billion were signed, which proved that Saudi Arabia considered Pakistan an important country. He further said that the recent high level reciprocal visits would usher into a new era of economic cooperation.
He called for developing an institutional mechanism and legal framework for better institutional collaboration. Sanjrani also praised vision 2030 unveiled by Saudi Arabia and hoped that the initiative would help reduce unemployment and develop linkages with international markets, besides offering a win-win situation for all.
