Qatar to invest $22bn in Pakistan: report

2
7866

Qatari Emir Sheikh Tamim bin Hamad Al-Thani will visit Pakistan on June 23 (Sunday), a private media house reported on Monday.

According to details, Qatar has also announced to invest $22 billion in different sectors of Pakistan.

Railway Minister Sheikh Rasheed, while talking to media, also confirmed the news regarding the Qatari emir’s visit and subsequent investment in Pakistan.

Earlier, the Kingdom of Saudi Arabia had announced to invest $21 billion in Pakistan in three phases under its investment plan.

The investment on RLNG plants, Aqua Power and the Saudi Fund for Pakistan will be the first phase of the short-term projects. This short-term investment will come to Pakistan in a year or two and its volume will be $7 billion, according to the plan.

The second phase of mid-term investment will be completed within two to three years. This investment of $2 billion will cover petrochemicals, food and agriculture projects.

The volume of the third phase of long-term investment will be of $12 billion. The Saudi Aramco refinery project and mineral development projects will be implemented in this phase of the Saudi investment.

2 COMMENTS

LEAVE A REPLY

Please enter your comment!
Please enter your name here