Pakistan & Saudi Arabia marching forward together to strengthen their brotherly relations: PM Shehbaz
RIYADH, Oct 30 (SABAH): Prime Minister Mian Muhammad Shehbaz Sharif has said Pakistan and Saudi Arabia are marching forward together to strengthen their brotherly relations.
Addressing a news conference along with Saudi Minister of Investment Khalid bin Abdulaziz Al-Falih, in Riyadh on Wednesday, PM Shehbaz Sharif said that under the dynamic leadership of Saudi Crown Prince Mohammed Bin Salman, we will achieve progress and prosperity not only for the peoples of Saudi Arabia and Pakistan but the entire Muslim Ummah.
The Prime Minister thanked the Saudi support in securing the IMF program. Describing his meetings in Saudi Arabia as reassuring, he said we have discussed very important mutually beneficial projects. He expressed satisfaction that the MoUs signed a few weeks ago are now under implementation. We are like a family and will build on in times to come.
The Prime Minister said he hopefully will be visiting the Kingdom by the middle of next month, expressing the confidence that we will be able to achieve timelines of the projects.
PM Shehbaz Sharif said Pakistan will be producing skilled workforce which will further contribute in the Kingdom’s development.
In his remarks, the Saudi Minister of Investment recalled that during his recent visit to Pakistan, the two sides had concluded twenty seven MoUs valued at 2.2 billion dollars.
He said this number has increased to thirty four MoUs. He said the value of these agreements has also increased to 2.8 billion dollars.
The Saudi Minister of Investment said five of the MoUs are already operational and financed, and creating values for both Pakistan and Saudi Arabia. He said some of these agreements have resulted in exports from Pakistan. He said a Saudi investor has already acquired land for the building of an integrated Medical Complex.
Meanwhile Prime Minister Muhammad Shehbaz Sharif met with the Saudi Investment Minister Engr. Khalid bin Abdulaziz Al-Falih and Adviser at the Saudi Royal Court Mohammad Bin Mazyad Al-Tuwaijri in Riyadh on Wednesday.
Both sides reviewed the progress on various economic initiatives between the two countries.
Recalling the Saudi Investment Minister’s recent visit to Pakistan, earlier this month, along with a large private sector delegation, the Prime Minister noted that the Business-to-business MoUs signed in Pakistan during the visit have started to materialize into solid investment and commercial deals.
He encouraged to continue the momentum for creating new opportunities for developing strong economic partnership.
The Prime Minister thanked Minister Khalid Al Falih for his efforts and commitment towards strong economic cooperation with Pakistan. He underscored the need to benefit from tremendous economic opportunities for both countries that have emerged in the backdrop of Saudi Arabia’s Vision 2030.