Business Islamabad National

Saudia Arabia Invests 21$ Billion In Pakistan

Farhan Abro February 18, 2019

1 minute read

ISLAMABAD: Saudia Arabia and Pakistan signed 7 agreements and MoUs yesterday, A new beginning of Socio-economic partnership will lead to shared prosperity, regional stability and mutual respect based on long term investment, strategic and social ties.

According to the details released by Pakistan Information Department (PID) Investment plan is divided into three terms, Short term, Mid Term and A long Term.

Short Term (1-2 Years)

RLNG Plants (2) 4$ Billion
ACWA Power 2$ Billion
Saudi Fund for Pakistan 1$ Billion
SUB TOTAL 7$ Billion USD

Mid Term (2-3 Years)

Petro-Chemical Projects 1$ Billion
Food & Agriculture Projects 1$ Billion
SUB TOTAL 2$ Billion USD

Long Term (3-5 Years)

Aramco Oil Refinery 10$ Billion
Mineral Development 2$ Billion
SUB TOTAL 12$ Billion

Overall Saudi Arabia signed 7 agreements worth of 21$ Billion USD

Read More: Pakistan and Saudi Arabia sign 7 MoUs in different sectors

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Farhan Abro February 18, 2019

1 minute read

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Farhan Abro

Hello! My name is Farhan Abro, and I'm based here in Islamabad. My journey in Pakistan's digital media really kicked off when I founded INCPak back in 2012. We built it from the ground up, driven by an entrepreneurial spirit, to be a trusted voice for independent journalism. But while media is a big part of who I am, I'm also shaped by a fascinating mix of other passions. I'm deeply into automotive, which gives me a technical edge, but I also find my artistic expression through landscape photography and music. And I'm always diving into the exciting world of Artificial Intelligence. Bringing all these different worlds together the technical, the creative, the journalistic, and the entrepreneurial—it really colors how I see things and approach every project. It gives me a distinct perspective that I try to bring to everything I share