Pakistani officials confirmed Thursday that Saudi Arabia will make heavy investments in the China Pakistan Economic Corridor (CPEC), a central pillar of China's international Belt and Road Initiative (BRI) of infrastructure projects. “Saudi Arabia is the first country that we have invited to become a third partner in CPEC,' said Pakistani minister of information Fawad Chaudhry at a press conference in Islamabad. 'Saudi Arabia is expected to bring massive direct investments to the project.' Pakistani media pegged the value of the Saudi assistance package at $8 billion, and suggested that the scope of work would include a major petroleum complex at the port of Gwadar. A high-level diplomatic delegation from Riyadh will visit Pakistan in early October to discuss details.
WORLD SHIPPING
24 September 2018 - 11:35
Saudi Arabia May Invest Billions in Pakistani Port of Gwadar
Pakistani officials confirmed Thursday that Saudi Arabia will make heavy investments in the China Pakistan Economic Corridor (CPEC), a central pillar of China's international Belt and Road Initiative (BRI) of infrastructure projects
WORLD SHIPPING
24 September 2018 - 11:35
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