We have signed agreements worth $ 20 billion with Pakistan … Masrawy

11:24 pm

Monday, February 18, 2019

CAIRE –

Saudi Arabia and Pakistan signed a series of agreements and memorandums of understanding totaling $ 20 billion during the visit of Saudi Crown Prince Mohammed Bin Salman Bin Abdul Aziz to Pakistan.

"The growth of Pakistan's gross domestic product (GDP) in the last year of 2018 indicates that Pakistan will prosper in the future and we want to make sure that we participate in this boom," he said. said Prince Mohammed bin Salman. ).

"The signing of memorandums of understanding between the two sides, a $ 20 billion investment volume, was signed on Sunday, a major investment for the first phase, and it will certainly increase every month and every year for larger numbers, "he added.

"Today, we have 18 million tourists and we will reach 50 million tourists quickly and easily in the years to come.In addition to our infrastructure and stability, we have many heritage sites and beautiful. , including funds to invest, "said Prince Mohammed bin Salman. Tourist area ".

"We believe in our region, so we invest in it and are certain that one day there will be a great region of the Middle East."

For his part, Pakistani Prime Minister Imran Khan said relations between Saudi Arabia and Pakistan had reached an unprecedented level, allowing investments between the two countries, which culminated tonight in the talks. signing of seven bilateral agreements and memoranda of understanding between the two countries.

The agreements and memoranda of understanding signed included a financing agreement providing for the supply of crude oil and petroleum products to Pakistan between the Saudi Fund for Development and the Government of Pakistan, as well as a memorandum of understanding. 39, agreement between the Saudi Fund for Development and the Pakistani Government for the financing of energy production projects in Pakistan.

The agreements included a memorandum of understanding between the Saudi and Pakistani governments aimed at studying investment opportunities in Pakistan's refining and petrochemical sectors, as well as a memorandum of understanding between the two governments in the field of mineral resources in Pakistan, as well as a memorandum of understanding regarding the development of renewable energy projects in Pakistan.