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