Skip to main content

Saudi Arabia expressed keen interest in Gwadar investment



26 April, 2019 

 

Saudi Arabia has expressed its keen interest in exploring more avenues for investment in Gwadar, 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. Both the leaders exchanged views on matters of mutual significance and bilateral importance.

Sanjrani said Pakistan and Saudi Arabia were intertwined into a relationship having its basis in religious, social, cultural and historical commonalities. He also appreciated the launch of Pakistan Saudi Arabia Supreme Coordination Council, hoping that the council would take tangible steps for promoting political, economic, social and cultural linkages. He welcomed the decision of increasing Hajj quota for Pakistanis and further reducing the visa fee, saying that these steps would further help promote people-to-people contact. The Senate chairman expressed his well wishes to King Salman bin Abdul Aziz and the Crown Prince Mohammad bin Salman.

The Saudi Shura Council chairman thanked Sanjrani and members of the Pakistani side for a warm welcome. He said Saudi Arabia accorded high importance to its relations with Pakistan. He said the bilateral relations were deep rooted in history and people of both the countries shared common aspirations. He said that mutual exchange of frequent delegations would further boost the linkages between the two countries. He agreed on enhancing institutional cooperation between the Senate and the Shura Council. The members of the visiting delegation, while talking on the occasion, said that Saudi Arabia was very keen to benefit from the economics prospects being offered by the future economic hub of the region and willing to invest in Gwadar.

The Senate chairman hoped that Saudi Arabia would explore investment opportunities in different areas. Cooperation in the defense sector also came under discussion and both sides looked forward to enhanced cooperation. The Saudi delegation also witnessed the Senate session.

Earlier, the delegation of Saudi Shura Council was on Thursday given a comprehensive briefing on CPEC by the Ministry of Planning, Development and Reforms and Ministry of Maritime Affairs at the Pakistan Institute of Parliamentary Services. The briefing consisted of an overall picture of the corridor as well as possible avenues of investment in the projects under the corridor for Saudi Arabia.

The delegation was informed that CPEC aimed to make Pakistan an economically sound and vivacious country and was the flagship project of the One Belt, One Road initiative. They were told that under the CPEC, projects work would be carried out in the energy, transport, infrastructure, industrial development, Gwadar Port development, socioeconomic development, trade and market access, agricultural research and development. The delegates were informed that the projects would provide much needed boost to Pakistan’s economy and would be an instrument for regional integration.

http://paktribune.com/news/Saudi-Arabia-expressed-keen-interest-in-Gwadar-investment-282424.html

Comments

Popular posts from this blog

SSG Commando Muddassir Iqbal of Pakistan Army

“ Commando Muddassir Iqbal was part of the team who conducted Army Public School operation on 16 December 2014. In this video he reveals that he along with other commandos was ordered to kill the innocent children inside school, when asked why should they kill children after killing all the terrorist he was told that it would be a chance to defame Taliban and get nation on the side. He and all other commandos killed children and later Taliban was blamed. Muddassir Iqbal has deserted the military and now he is  with mujahedeen somewhere in AF PAK border area” For authenticity of  this tape journalists can easy reach to his home town to interview his family members or   ISPR as he reveals his army service number” Asalam o Alaikum: My name is Muddassir Iqbal. My father’s name is Naimat Ali. I belong to Sialkot divison (Punjab province), my village is Shamsher Poor and district, tehsil and post office  Narowal. Unfortunately I was working in Pakistan army. I feel embarrassed to tell yo

CPEC Jobs in Pakistan, salary details

JOBS...نوکریاں چائنہ کمپنی میں Please help the deserving persons... Salary: Salary package in China–Pakistan Economic Corridor (CPEC) in these 300,000 jobs shall be on daily wages. The details of the daily wages are as follows; Welder: Rs. 1,700 daily Heavy Duty Driver: Rs. 1,700 daily Mason: Rs. 1,500 daily Helper: Rs. 850 daily Electrician: Rs. 1,700 daily Surveyor: Rs. 2,500 daily Security Guard: Rs. 1,600 daily Bulldozer operator: Rs. 2,200 daily Concrete mixer machine operator: Rs. 2,000 daily Roller operator: Rs. 2,000 daily Steel fixer: Rs. 2,200 daily Iron Shuttering fixer: Rs. 1,800 daily Account clerk: Rs. 2,200 daily Carpenter: Rs. 1,700 daily Light duty driver: Rs. 1,700 daily Labour: Rs. 900 daily Para Engine mechanic: Rs. 1,700 daily Pipe fitter: Rs. 1,700 daily Storekeeper: Rs. 1,700 daily Office boy: Rs. 1,200 daily Excavator operator: Rs. 2,200 daily Shovel operator: Rs. 2,200 daily Computer operator: Rs. 2,200 daily Security Supervisor: Rs.

A ‘European Silk Road’

publication_icon Philipp Heimberger ,  Mario Holzner and Artem Kochnev wiiw Research Report No. 430, August 2018  43 pages including 10 Tables and 17 Figures FREE DOWNLOAD The German version can be found  here . In this study we argue for a ‘Big Push’ in infrastructure investments in greater Europe. We propose the building of a European Silk Road, which connects the industrial centres in the west with the populous, but less developed regions in the east of the continent and thereby is meant to generate more growth and employment in the short term as well as in the medium and long term. After its completion, the European Silk Road would extend overland around 11,000 kilometres on a northern route from Lisbon to Uralsk on the Russian-Kazakh border and on a southern route from Milan to Volgograd and Baku. Central parts are the route from Lyon to Moscow in the north and from Milan to Constanţa in the south. The southern route would link Central Europe with the Black Sea area and