Saudi crown prince to visit Pakistan on February 16

Saudi Arabia Is No Longer Saudi Arabia

Shah Mahmood Qureshi said that Saudi Arabia sent a team to Pakistan to evaluate investment opportunities.

Salman, who is also the Gulf Kingdom's vice president of the council of ministers and defence minister, will arrive here on February 16 on his first state visit to Pakistan since his elevation to the position of the crown prince in April 2017, the foreign office said.

Qureshi said a high-powered Saudi delegation including key ministers and over 20 businessmen from leading companies would hold meetings with their counterparts in Pakistan and discuss potential of bigger investment between the two countries.

Pakistan's Foreign Ministry said the prince would meet with Prime Minister Imran Khan during the two-day visit, which begins Saturday.

During his visit, Pakistan and Saudi Arabia will be signing a number of agreements and MoUs in diverse sectors, including investment, finance, power, renewable energy, internal security, media, culture and sports, it said. "I say it loud and clear that there is no condition attached with Saudi investment", he said while replying to a question.

He said Commander of the Islamic Coalition General Raheel Sharif during his meeting with him the other day made it clear that the force was not specific to any country or a particular sect and the suspicion in this regard was not well-counted.

Responding to another question, Foreign Minister Qureshi said that Pakistan enjoyed brotherly relations with Iran. On the contrary, he added, Iran would he happy.

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In October, Riyadh said it would lend Pakistan $3 billion in cash and allow Islamabad to defer payments for oil imports worth $3 billion for a one-year period to support the country's ailing economy.

Speaking on the occasion, Information Minister Fawad Chaudhry termed Saudi Arabia a strong and trusted friend of Pakistan.

Other planned stops on his Southeast Asian tour are said to include China and Indonesia, with India and Pakistan also expected.

It will also send a strong message to other worldwide investors to come to Pakistan, said Haroon Sharif, who chairs Pakistan's Board of Investment, (BoI) which promotes and facilitates investors.

Saudi Arabia is also interested to invest $6 billion in Gwadar oil refinery.

According to sources, deals with Saudi Arabia have been finalized to get oil on loan.

Furthermore, more than 700 rooms have been reserved at eight private hotels of the capital for the delegates who would be accompanying the Saudi crown prince.

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