On the sidelines of the historic visit of the ambitious young man, Prince Muhammad bin Salman, to Pakistan today and in the presence of Pakistani Prime Minister Imran Khan. Saudi Arabia and Pakistan signed an agreement to implement the Aramco refinery in the Pakistani port of Gwadar worth 10 billion dollars.
The Saudi refinery, whose agreement was concluded today during the visit of the Saudi crown prince to Islamabad, will be a main station inside the port of Gwadar and within the Belt and Road Project, which is the closest port to the Chinese industrial city of Xinjiang.
According to press reports, the southwestern port of Gwadar is gaining importance for the oil trade movement, with its view of the Arabian Sea near the Strait of Hormuz, which is witnessing the passage of a third of the world's oil from this strait.
Saudi Arabia aims to invest in the port's infrastructure and implement the largest oil refinery in the world at a value of $ 10 billion, as well as to enhance its strategic depth within the Indian subcontinent.
During the day of the visit, the Saudi Crown Prince, Mohammed bin Salman, announced the signing of investment agreements with Pakistan, worth $ 20 billion.
The visit to Pakistan comes at the start of an Asian tour of the Saudi Prince, which will include India and China.
