Saudi Arabia supports CPEC, Intends to invest in Gawadar Port: vows envoy


Islamabad, September 28 (TNS): Saudi Arabia plans to initiate a huge package of investment in various fields of Pakistani economy apart from its keen interest to join different projects underway as part of China Pakistan Economic corridor (CPEC) including Gawadar Port, revealed  Kingdom’s Ambassador in Pakistan  Nawaf Saeed Al-Malkiy.

“A high level delegation from Kingdom of Saudi Arabia to visit Pakistan soon to discuss various opportunities under the investment plan that is part of vision 2030, given by the Crown Prince Muhammad bin Salman,” the Ambassador explained while talking to former Federal Minister Muhammad Ali Durrani, who called on him at the Royal Saudi Embassy on Thursday.

The Ambassador said vision-2030 was a revolutionary program that encompasses modern economic needs and trends in the World to attain the economic self-reliance emerging beyond the traditional prospects. Pakistan, as a key partner, can play a pivotal role in this regard for mutual benefit and prosperity of both the brother countries, he added. “We intend to invest in different segments of Pak-economy including projects of social and public interest that will usher in a new era of economic partnership between Saudi Arabia and Pakistan, further strengthening the existing historical brotherhood,” Nawaf Al-Malkiy said.

The Ambassador said Kingdom of Saudi Arabia fully supports China-Pakistan Economic Corridor (CPEC), a multi-million dollar package, and intends to invest in Gawadar- Port project apart from taking active part in various projects under the CPEC.

Muhammad Ali Durrani welcomed the Saudi package of investment for Pakistan under Crown Prince Muhammad bin Salaman’s vision 2030, and the active participation of KSA in CPEC, terming it another mile stone in Saudi-Pak relations as well as furthering the CPEC with new zeal and zest having futuristic impacts in the region. He also congratulated the Ambassador for a warm reception recently organized by the Embassy to celebrate National Day of KSA. Mr. Durrani appreciated the Saudi King Salman bin Abdul Aziz and his government efforts for making the best Haj arrangements for the Muslims across the world.