The Prime Minister of Pakistan, Shehbaz Sharif, is scheduled to visit Saudi Arabia from April 6th to 8th, as announced by the Foreign Office. During his trip, there is a possibility of him meeting with the Saudi Crown Prince.
This statement reveals that the prime minister’s first international trip occurs post-election. He will be joined by key ministers from foreign affairs, defense, finance, information, and economic affairs.
The Prime Minister will undertake a pilgrimage to Umrah and pray at the Masjid-e-Nabawi, as announced by the Foreign Office spokesperson. Furthermore, they are anticipated to engage in discussions on matters of mutual concern with Saudi Crown Prince Mohammed bin Salman during their meeting.
The two prominent figures will additionally address regional and worldwide advancements, as stated by the FO. Both Pakistan and Saudi Arabia share a long-standing, cordial relationship. The spokesperson emphasized that the leadership of both nations is dedicated to fostering mutually advantageous economic and investment ties.
According to reports, both parties are set to concentrate on diverse initiatives and partnerships. Prime Minister Sharif is scheduled to hold talks with Saudi officials and dignitaries, examining potential collaborations in various fields, such as agriculture. Furthermore, the visit will see the completion of several investment projects, as per the sources.
The upcoming finance minister’s presentation will offer a detailed overview of investment incentives and prospects in Saudi Arabia, as recently gathered information suggests. Saudi Arabia is expected to receive unique incentives for investing in Reko Diq, with projections indicating that their contribution may become the largest in the project.
According to recent reports, the SIFC platform is expected to contribute significant investments to the Reko Diq development. The finance minister has shared information about Saudi Arabia’s involvement with the Prime Minister.
Moreover, the Ministry of Energy, Ministry of Finance, and the Board of Investment have presented a comprehensive plan to the PM, which includes SIFC’s participation in the project.
In addition to their trip, the members of the specialized investment committee, established for investing in Reko Diq, will accompany the Prime Minister to Saudi Arabia.
