Saudi investment highly significant for Pakistan’s economic growth: Dawood

ISLAMABAD: Advisor to the Prime Minister on Commerce Abdul Razak Dawood on Monday termed Saudi investment in Pakistan vital and highly significant for positive development of Pakistan’s economy.
Speaking at the Pak-Saudi Business Conference in Islamabad on Monday, Dawood said Crown Prince Mohammad bin Salman’s two-day visit was beginning of a new chapter of bilateral relations between the two brotherly countries.
“Saudi Arabia is a partner of Pakistan in its journey of prosperity,” he said. Dawood also sought Saudi investment in mining and mineral development.
In the last few years, we have been improving the power sector and infrastructure, said the premier’s advisor and appreciated the Chinese government for their help.
“Our relationship with Saudi Arabia is escalating in a different direction and at a different level. The Saudi announcement of huge investment in various sectors of Pakistan will improve our economy,” said a hopeful Dawood during the conference.
The advisor to PM further assured Saudi investors that the government will provide a level playing field and “They will be given all facilities to invest in the country”.
The Saudi Minister for Commerce, Majid Al-Qassabi, reiterated his Pakistani counterpart’s stance on bilateral relations.
“The Saudi crown prince expressed the desire to turn the bilateral ties into a strategic partnership. He has also assured that the two countries will be partners in development.”
“Our bilateral trade volume stands at $3.7 billion, with an increase in the last 15 years; however, this still needs improvement.”
He stressed on the need to attract investment through the right kind of marketing.
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