Saudia Arabia Invests 21$ Billion In Pakistan

ISLAMABAD: Saudia Arabia and Pakistan signed 7 agreements and MoUs yesterday, A new beginning of Socio-economic partnership will lead to shared prosperity, regional stability and mutual respect based on long term investment, strategic and social ties.

According to the details released by Pakistan Information Department (PID) Investment plan is divided into three terms, Short term, Mid Term and A long Term.

Short Term (1-2 Years)

• RLNG Plants (2) 4$ Billion
• ACWA Power 2$ Billion
• Saudi Fund for Pakistan 1$ Billion
• SUB TOTAL 7$ Billion USD

Mid Term (2-3 Years)

• Petro-Chemical Projects 1$ Billion
• Food & Agriculture Projects 1$ Billion
• SUB TOTAL 2$ Billion USD

Long Term (3-5 Years)

• Aramco Oil Refinery 10$ Billion
• Mineral Development 2$ Billion
• SUB TOTAL 12$ Billion

Overall Saudi Arabia signed 7 agreements worth of 21$ Billion USD

Read More: Pakistan and Saudi Arabia sign 7 MoUs in different sectors