Saudi Arabia will “soon” undertake investments at Gwadar Port and join the China-Pakistan Economic Corridor (CPEC), The News has reported quoting Saudi Ambassador to Pakistan, Nawaf Saeed Ahmed Al-Malkiy, in a story published on Friday.
During an interview with Jang Group publications, the ambassador said Saudi Arabia and Pakistan are taking measures to strengthen “fraternal and trade ties”.
“More than three million Pakistanis are playing their role in the progress and prosperity of Saudi Arabia,” he said, referring to Pakistani immigrants working in Saudi Arabia.
He added that Saudi Arabia’s investment in CPEC would allow the kingdom to play a similar role in Pakistan.
The ambassador added that bilateral relations between Pakistan and Saudi Arabia would be further strengthened through the exchange of cultural delegations. He added that in the coming weeks, an initiative would be started whereby Pakistani students would be offered scholarships to study at Saudi Arabia’s universities, The News said.
In August, during a visit to Jeddah, Prime Minister Shahid Khaqan Abbasi had shown appreciation for Saudi Crown Prince Muhammad bin Salman Al Saud’s ‘Vision 2030’ plan — an ambitious project to diversify and modernize the Saudi economy.