Saudi Arabia desires to invest in alternative energy sector in Pakistan
Saudi delegation has held a comprehensive meeting with Energy Minister Omar Ayub in Islamabad, desiring to invest in the alternative energy sector in Pakistan.
ISLAMABAD: A Saudi delegation has held comprehensive meeting with Energy Minister Omar Ayub in Islamabad, desiring to invest in the alternative energy sector in Pakistan.
According to report, the visiting Saudi delegation, led by Riyadh’s adviser on energy Ahmad Hamid Ghamdi, is likely to sign Memorandum of Understandings (MoUs) for oil and mineral sector investment and trade cooperation that would ultimately extend the Chinese Belt and Road Initiative (BRI).
The Minister apprised the Saudi delegation of the power production and new hydropower projects in Pakistan, adding that there was a huge potential of investment in energy sector and assured that foreign investors will be facilitated at every level.
While, Saudi delegation also reportedly assured full cooperation for the resolution of problems faced by the energy sector in Pakistan.
The Saudi delegation also met PM’s Adviser on trade Abdul Razak Dawood and discussed ways to increase bilateral trade.
-
South Korea markets sink as Kospi records worst day in decades amid Iran conflict -
Silver, gold prices surge amid geopolitical uncertainty after US-Israel attack on Iran -
Netflix, Paramount shares surge following resolution of Warner Bros bidding war -
Paramount wins Warner Bros. bidding war as Netflix abandons deal: Here’s why -
Singapore's Grab plans AI-driven expansion and new services to boost profit by 2028 -
Bitcoin bounces from $62,000 as on-chain metrics signal prolonged weakness: Here is everything to know -
BTC price today: Bitcoin sinks below $65K on trade uncertainty -
Tesla expands Cybertruck lineup with affordable model in US, slashes Cyberbeast price to boost demand