Saudi delegation visits Gwadar port, briefed on development projects

Published October 2, 2018
Saudi officials are received by government officials in Gwadar. — Photo: press release
Saudi officials are received by government officials in Gwadar. — Photo: press release

A six-member Saudi delegation on Tuesday visited Gwadar, where it was briefed on different developmental activities and projects being executed under the China-Pakistan Economic Corridor (CPEC), officials said.

Led by Ahmad Hameed Al-Ghamdi, adviser of Saudi Arabia’s Ministry of Energy, Industry and Mineral Resources, the delegation visited different departments of Gwadar port and the port's free zone.

Members of Saudi delegation photographed with govt officials in Gwadar. — Photo: press release
Members of Saudi delegation photographed with govt officials in Gwadar. — Photo: press release

During their visits, the Saudi team was given a briefing on CPEC projects linked to Gwadar port and projects being implemented by the Gwadar Development Authority.

They were also apprised of the facilities and security arrangements extended to investors by the Government of Pakistan, officials at the port told DawnNewsTV.

Also read: Senate questions CPEC partnership offer to Saudi Arabia

The Saudi team showed interest in investing in Gwadar and expressed satisfaction over the facilities and security situation in the area.

During the visit, Al-Ghamdi was quoted as saying that there are historical, religious and brotherly relations between Saudi Arabia and Pakistan.

"Saudi Arabia stood with Pakistan in difficult times in the past and will do so in the future as well," the Saudi official told his Pakistani counterparts.

He added that the Saudi government is keen about contributing to the development process in Pakistan.

The Saudi delegation is in Pakistan on a four-day visit. At the conclusion of its visit, Islamabad and Riyadh are expected to sign four memoranda of understanding (MoUs) for oil and mineral sector investment and trade cooperation that would ultimately extend the Chinese Belt and Road Initiative (BRI) from Gwadar to Africa through Oman and Riyadh.

Sources told Dawn Riyadh was expected to be allocated a large piece of land at Gwadar for setting up a 500,000 barrels per day (BPD) refinery worth over $9 billion besides an oil storage facility for 2-3 million tonnes as part of its plan to secure its export supplies. They said Pakistan promised 16 per cent return on investment in the oil refinery.

Opinion

Poll language
17 Apr 2021

Poll language

There is a distinction between angry rhetoric and the language of the gutter.
Exempt from accountability?
Updated 17 Apr 2021

Exempt from accountability?

PM Khan has done a disservice to Pakistan by exempting certain institutions from performance requirements.
Education disrupted
Updated 16 Apr 2021

Education disrupted

The cost of not doing anything about them in terms of learning losses and dropouts are going to be very large.

Editorial

17 Apr 2021

Pak-India mediation

QUESTIONS had been swirling about what and who has prompted the latest detente between Pakistan and India. Now, it...
17 Apr 2021

Energy exploration

SOME exploration and production companies want the government to prioritise offshore exploration — a high-risk...
17 Apr 2021

Professor’s removal

IN a step that will go far in sending a message of reassurance to female students and academic staff in ...
Ban is no answer
Updated 16 Apr 2021

Ban is no answer

The ban will not dilute the narrative that fuels the party, it may even fan it.
16 Apr 2021

Slow recovery

THE pace of growth in large-scale manufacturing output continues to slow down, with LSM production contracting by...
16 Apr 2021

Ramazan profiteering

WITH the month of Ramazan underway, people have begun to feel the effects of galloping inflation even more. Prices...