ISLAMABAD, Pakistan: The Saudi Crown Prince Mohammad Bin Salman has expressed the desire to turn the bilateral relations with Pakistan into a strategic partnership, the Saudi Minister for Commerce Majid Al-Qassabi said on Monday.
In his address at the Pak-Saudi Business Conference in Islamabad, the Saudi minister said that Saudi Crown Prince has also asked to give assurances that Pakistan and Saudi Arabia are partners in development.
The Saudi minister said that Pak-Saudi relations are moving in a new and positive direction. He said that our bilateral trade volume stands at US $3.7 billion with an increase in the last 15 years; however, this still needs improvement.
Majid Al-Qassabi said that we need to market things rightly and attract investors from both sides. He said that for this we will frankly discuss the opportunities and challenges to reach at the fruitful outcomes.
The Prime Ministers’ Adviser on Commerce Abdul Razak Dawood said that a new chapter has begun in bilateral relations of Pakistan and Saudi Arabia.
The adviser said that Saudi investment in Pakistan is highly significant for positive trajectory of Pakistan’s growth and economy. He said that Saudi Arabia is a partner of Pakistan in its journey of prosperity, adding that investment in mining and mineral development from Saudi investors will be highly appreciated.
Abdul Razak Dawood said that we have for the last few years have been moving in the direction of improving power shortages and infrastructure. He said that our relationship with Saudi Arabia is escalating in a different direction and at a different level.
The adviser on commerce said that the Saudi announcement of huge investment in various sectors of Pakistan will improve our economy. He said that Saudi investors and business will be provided all out facilities in their business ventures.
