Saudi Crown Prince to Be Keynote Speaker at Investors Conference in Islamabad

The Saudi government is ready to put its money into financing projects alongside international investors not only in the kingdom but overseas also.

PKONWEB Report (Islamabad) — Saudi Crown Prince Muhammad bin Salman upon arriving in Pakistan on February 17 will participate in an international investment conference scheduled to be held at a five-star hotel in the capital.

According to sources, a 40-member Saudi delegation, and over 100 Saudi and Pakistani business leaders will attend the international event.

The forum will deliberate on energy, petrochemicals, housing, tourism in the country, as well as sign MoUs in this regard.

Negotiations will also be held to attract Saudi investment in solar and power plants.

Meanwhile, agreements on exploration of minerals in resource-rich Balochistan province are also expected to be signed.

The PTI-led government is likely to sign a number of investment deals, including the construction of a multi-billion-dollar oil refinery in the port city of Gwadar during the crown prince’s upcoming visit.

The investment deals–some observers say could be in the tune of $30 billion to $40 billion– come in addition to $6 billion financial assistance Saudi Arabia has provided to cash-strapped Pakistan following the second visit of prime minister Khan to the kingdom.

While the Saudi crown prince will be the keynote speaker of the investors conference, Prime Minister Imran Khan will make the concluding address.

According to the sources, as per the itinerary of the crown prince’s visit, he would head to Malaysia, India and Beijing after completing his visit to Islamabad.

The Crown Prince, who’s embarked on the biggest overhaul of the Saudi economy in its modern history, on Monday presided over the signing of agreements in planned deals before an invite-only crowd in Riyadh. The program will net more than $426 billion in investments by 2030 and add 1.6 million new jobs, according to a government statement.

The kingdom is looking to break reliance on oil sales for income with a sweeping plan to develop infrastructure and industry.

The Saudi government is ready to put its money into financing projects alongside international investors not only in the kingdom but overseas also.

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