Saudi Arabia has a long-standing relationship with Pakistan and has traditionally been one of the country’s largest sources of foreign investment.
Saudi Arabia has invested in a wide range of sectors in Pakistan, including energy, infrastructure, and finance.
One of the most significant investments made by Saudi Arabia in Pakistan is in the energy sector. Saudi Arabia has invested in several power generation and oil and gas exploration projects in Pakistan.
For example, Saudi company ARAMCO invested $4 billion in a joint venture with Pakistan’s state-owned oil company, Pakistan State Oil (PSO), to set up a refinery in the port city of Gwadar.
In recent years, Saudi Arabia has also invested in Pakistan’s infrastructure sector, particularly in transportation and logistics.
One of the notable example is the establishment of the Gwadar Port, a deep-sea port in the southwestern province of Balochistan, which is being developed with the help of Saudi investment.
This port is expected to boost Pakistan’s economic growth and provide it with greater access to global markets.
In addition, Saudi Arabia has invested in Pakistan’s financial sector, through the establishment of a $4 billion oil refinery and petrochemical complex in the southern province of Sindh and $3 billion in the construction of a new oil refinery in Punjab province.
Saudi Arabia has also provided Pakistan with financial assistance in the form of loans and grants. For example, in 2019, Saudi Arabia provided Pakistan with a loan of $3 billion to support the country’s balance of payments and to help stabilize its economy.
The relationships between both countries have been strengthened over the years and it is expected that the investment will continue to flow in different sectors in the future.
The government of Pakistan and Saudi Arabia have been working on more investment opportunities to boost the economy of both countries and to improve the living standard of people.
