A few hours ago, the visit of the Saudi Crown Prince, the ambitious young Prince Muhammad bin Salman bin Abdulaziz, to the Islamic Republic of Pakistan ended after a historic visit to confirm the Kingdom's great support for the bilateral relations between the two countries in various fields.
The most important milestones of that visit were the establishment of a high-level joint coordination council between the Kingdom and the Islamic Republic of Pakistan; chaired by the Saudi side, the crown prince, and the Pakistani side, the Pakistani Prime Minister, with the aim of developing bilateral relations, enhancing bilateral trade and investment, and encouraging communication between the two peoples and between businessmen , And for the Joint Commission on Trade and Trade to operate.
During the visit, there were other important stations, the most prominent of which was the signature of the Minister of Energy, Industry and Mineral Resources Eng. Khalid bin Abdulaziz Al-Falih, 4 memoranda of understanding and one agreement in the fields of energy and mining with the Pakistani side, which come within the system of the Ministry of Energy, Industry and Mineral Resources. The total value of the agreements in the energy and mining sectors exceeds 100 billion riyals (US $ 27.22 billion).
The Saudi Crown Prince, Prince Muhammad bin Salman, and Pakistani Prime Minister Imran Khan also witnessed during the visit, the signing of 7 agreements between the two countries, valued at $ 20 billion.
The most important of the seven agreements and memoranda of understanding signed between Saudi Arabia and Pakistan, the creation agreement Aramco refinery in the Pakistani port of Gwadar worth 10 billion dollars , in addition to A financing agreement to provide quantities of crude oil and petroleum products to Pakistan, finance electrical energy projects from the Saudi Fund for Development, and cooperate in the field of mineral wealth and renewable energy in Pakistan.
The Saudi crown prince pointed out that the agreements with Pakistan express the kingdom's confidence in the region and its interest in investing in it with all its potentials.
What is important?
Pakistan, located in the midst of the contract between the Chinese giant to the east, and the Arab Gulf region to the west, is rediscovering the importance of its strategic location in the global trade movement, through what is known as the Chinese-Pakistani economic corridor, which will make Chinese goods arrive for the first time by land to the port of Corridor on the sea Arabs, and from there to the corners of the earth.
Herein lies the importance of the Saudi investment, which gives a great impetus to this strategic line, which is an essential part of the new Silk Road.
Come visit Pakistan at the start of an Asian tour for the Saudi prince that will include India and China.
