GWADAR – Saudi Minister for Energy Khalid bin Abdul Aziz said on Saturdaythat the Kingdom of Saudi Arabia (KSA) will make biggest investment of itshistory in Pakistan.
The Saudi minister made the announcement during his visit, along with otherdelegates, to the deep seaport city of Gwadar to inspect the site for theproposed oil refinery.
The delegation was received by Federal Minister for Petroleum and NaturalResources Ghulam Sarwar Khan. Chief Executive Officer of Aramco AssociatesCompany Al Buainain Ibrahim Qassim was also part of the delegation.
The delegates were given a briefing about Gwadar Port and ongoingdevelopments works at the Chinese Business Complex.
The Saudi minister said Pakistan and Saudi Arabia were key states withregard to peace and stability of the region, adding that the Gwadar Port issituated in a key region.
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He said that friendship and mutual cooperation among Pakistan, China andSaudi Arabia would be an example internationally.
On the occasion, Khan said Pakistan and Saudi Arabia were enjoying cordialrelations.
Describing the refinery a “state-of-the-art facility”, he said a Memorandumof Understanding (MoU) with regard to the refinery was expected to besigned next month.
