ISLAMABAD: A delegation of Saudi companies, led by Deputy Minister of Energy, Industry and Mineral Resources for Mining Khalid Saleh Al-Modaifer met Adviser to PM on Commerce, Textile, Industries and Production, and Investment Abdul Razak Dawood.
The two parties discussed investment prospects in Pakistan’s energy, power and mining and mineral sectors, said a press release issued by the commerce ministry.
As per media reports, Saudi Arabia has vowed to show tangible progress on $20 billion investment commitments before the next meeting of Pak-Saudi Supreme Coordination Council.
“The proposed mega projects are complex and require time and studies but our leaderships want to accelerate work on them,” said Saudi Arabia Deputy Minister of Energy Khalid Saleh Al-Modaifer during an interaction on Friday.
The Gulf state has announced a $20 billion investment package for Pakistan that includes a petrochemical complex, renewable energy projects and investment in mineral resources.
KSA Deputy Minister of energy Khalid Saleh Al- Modafier efforts are lauded to persuade Pakistani authorities to accelerate work on the execution of various industrial /allied ventures as they have a stake of colossal sum of $20 billion, a matter of great concern for them and at the same time a great opportunity for making use of such large investment from one friendly country.