ISLAMABAD, March 13: Prince Al-Waleed bin Talal bin Abdul Aziz of Saudi Arabia, who arrived here on a two-day visit on Sunday, termed political atmosphere in Pakistan conducive for foreign investment and promised to initiate projects of mutual benefits in the country.

He described political stability brought about by President Gen Pervez Musharraf and economic structural changes introduced by Prime Minister Shaukat Aziz as positive signs which had made investment climate good.

After holding a 30-minute meeting with Mr Aziz at the Prime Minister’s House, Prince Talal said he had come here not only as an ally of Pakistan but also as an investor to find suitable business projects.

Prime Minister Shaukat Aziz in his last visit to Saudi Arabia had invited Prince Talal to visit Pakistan to assess the investment climate and invest in the country.

Prince Talal said he would meet President Musharraf, federal ministers and officials during his stay to discuss investment opportunities available in the country.

He appreciated the government’s efforts in facilitating investors and said the country was at the brink of economic boom and the best days were yet to come.

Earlier, in his brief remarks, Prime Minister Aziz said that Pakistan offered numerous opportunities for investment with good returns.

He said Prince Talal’s visit would strengthen the multi-faceted and brotherly ties with Saudi Arabia.