Sunday in Pakistan, Tuesday in India, and Wednesday in China
The young prince, who has promising leadership and the eyes of hundreds of millions, continues his activities in the Asian tour, which he started today, and which he is counting on has important economic and political repercussions regionally and internationally.
Saudi Arabia and Pakistan
Trade volume is $ 2.5 billion per year
One billion $ Saudi investments in Pakistan
About 1.9 million Pakistanis work in the Kingdom. Their remittances from hard currency are estimated at $ 4.5 billion annually In January 2019, a Saudi delegation visited the port of Gwadar in Pakistan to discuss pumping potential investments in the economic corridor project between China and Pakistan, which has a total investment of about $ 75 billion .. The kingdom intends to finance an oil refinery in Gwadar at about $ 10 billion.
Saudi Arabia and India
Trade turnover is $ 28 billion annually
About 3.2 million Indians work in Saudi Arabia, and their hard currency conversions are estimated at $ 39 billion annually In April 2018, the Saudi oil giant, Aramco, announced the construction of an oil refinery on the West Indian coast, at a value of $ 44 billion.Saudi Arabia and China
Trade volume is $ 63 billion annually
In 2018, China imported about 57 million tons of Saudi oil. Saudi Arabia plans in 2019 to pump about 1.67 million barrels of oil to China, after Iranian oil receded to Chinese markets by 338.7 thousand barrels per day in light of the US sanctions imposed on Iran That allows China to purchase only 360,000 bpd until May 1, 2019
The economic corridor between China and Pakistan, in which Saudi Arabia intends to participate in investment by about 13.3%, depends entirely on the Chinese yuan in completing commercial transactions, and connects northwest China with the latest networks of roads, energy pipelines and railways to cross China’s goods to the Middle East, as it is granted 23-year tax exemptions and 99-year land lease contracts ...
