Saudi delegation explores investment avenues in Port of Gwadar

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A high level Saudi business delegation paid a visit to the Pakistani Port of Gwadar. The delegation, led by Ahmad Al-Gamdi, adviser of minister of energy, investment and mineral resources, included several businessmen and members of the Saudi Council of Chambers.

This was the first high profile visit of a Saudi business delegation to the Port of Gwadar, which is a major hub of the China Pakistan Economic Corridor (CPEC) Project. During the visit, the delegation saw all potential investment opportunities available in the Gwadar Port, where the Pakistani officials, who head the management of the port, gave a special presentation featuring all integral parts of the port as well as investment opportunities available in a special economic zones attached to the economic corridor.

Saudi Ambassador to Pakistan Nawaf Saeed Al-Malki, who accompanies the delegation, said that the delegation is witnessing wonderful investment opportunities available at the port and it will enable them to take decisions on making investments in the near future. “Gwadar and CPEC have a lot of features and opportunities for trade and investment that Saudi investors can take advantage of,” he said while noting that the government of Pakistan has promised to provide incentives and services for enhancing Saudi investment in the region.

Nawaf said that the Kingdom is eager to invest in CPEC projects, the details of which will be announced soon. “The Saudi investment would contribute to promote economic stability in Pakistan as per earlier discussions and commitment between Custodian of the Two Holy Mosques King Salman and Crown Prince Muhammad Bin Salman and Prime Minister of Pakistan Imran Khan as Saudi Arabia and Pakistan are brotherly nations bound by people to people love and respect

Fahim Alhamid, advisor of Minister of Media, who accompanied the delegation said that the Gwadar project is full of investment opportunities and the Saudi delegation’s visit was a unique opportunity to have firsthand information about them.

(Source: Saudi Gazette)

Sea News, January 8