Pakistan offers $32 billion in investment projects to Saudi Arabia

Pakistan has presented 25 projects to a Saudi Arabian delegation with the aim of bolstering economic cooperation between the two nations. These projects collectively offer an investment potential exceeding $32 billion.

One of the proposed projects involves the construction of a railway link connecting vital mining sites to Gwadar, requiring an investment of $2 billion. Another significant undertaking is the Diamer Bhasha Dam, which necessitates an investment of $1.2 billion.

Additionally, Pakistan has highlighted a luxury hotel project, which entails conducting a feasibility study utilizing land owned by the Capital Development Authority.

During the visit, the delegation was provided with a comprehensive presentation by the Special Investment Facilitation Council (SIFC), elucidating Pakistan’s economic advancements. These include milestones such as reaching an agreement with the IMF, augmented profits repatriation, and enhancements in the investment climate attributable to SIFC initiatives.

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