RIYADH: Saudi Minister for Investment Khalid A. Al-Falih on Sunday said that Pakistan is Saudi Arabia’s priority for investment and cooperation in the agriculture, Information Technology (IT) and energy sectors will continue.
The Saudi Minister for Investment said this while talking to Prime Minister Shehbaz Sharif, who held separate meetings with various Saudi Ministers, including Finance Minister Mohammed al-Jadaan, and Minister for Industry Bandar al-Khorayef, on the sidelines of the special session of the World Economic Forum in Riyadh on Sunday.
The Saudi Minister for Investment termed PM Shehbaz Sharif as “the Prime Minister of Action.” He said we all are aware of your performance and fast pace of work. He said Saudi Arabia fully owns and supports PM Shehbaz Sharif’s mission for Pakistan’s development. He said a delegation of Saudi investors will soon visit Pakistan. He also acknowledged the role of the Pakistani diaspora in the development of various sectors of the Kingdom of Saudi Arabia.
In another meeting between Prime Minister Shehbaz Sharif and Saudi Finance Minister Mohammed al-Jadaan, both leaders agreed that Saudi Arabia will further look for investment opportunities in Pakistan.
The Saudi Finance Minister reiterated his country’s support for the economic development of Pakistan. He termed Pakistan’s development as the progress of Saudi Arabia. He said the Kingdom of Saudi Arabia, under its Vision 2030, took tough decisions and implemented reforms at the governmental level.
In a separate meeting with the Prime Minister, the Saudi Minister for Industry expressed his keen interest in cooperation with Pakistan in agriculture, minerals, IT and other sectors. He also apprised the Prime Minister of the progress in this regard.
The Saudi Minister for Industry informed that he is in contact with Saudi Arabia’s private companies regarding the investment in Pakistan and soon these companies will tour Pakistan. He said joint ventures between the private sectors of the two countries are our priority.
Prime Minister Shehbaz Sharif thanked the Custodian of the Two Holy Mosques King Slaman bin Abdul Aziz Al-Saud, Crown Prince Mohammad bin Salman Al-Saud and other Ministers of the kingdom for supporting Pakistan in every thick and thin.
PM Shehbaz said that during his last tenure as Prime Minister, Pakistan’s economic condition improved with the help and cooperation of Saudi Arabia. He said Pakistan and Saudi Arabia are strategic partners of each other.
