Mega projects expected to be signed during MBS visit to Pakistan

Pakistan and Saudi Arabia are expected to sign several developmental projects with each other during the upcoming visit of Saudi Crown Prince and Prime Minister, Muhammad bin Salman to Pakistan.

According to sources the two sides will also sign the Bilateral Investment Treaty (BIT) during this visit. Considering the current economic difficulties being fsced by Pakistan  the two sides  have agreed to follow up and activate the agreement on financing and providing supplies of crude oil and petroleum products to Pakistan, signed between Saudi Fund for Development (SFD) and Pakistani government and to discuss the following: (i) extension of the financing agreement signed between SFD and GoP and the provision of supplies of petroleum products to Pakistan; and (ii) supply of LNG to Pakistan subsequent to the completion of the Saudi evaluation of its LNG export potential and infrastructure requirements for LNG liquefaction and export.

Furthermore the two sides will also discuss Mohmand dam, Neelum-Jehlum hydropower project, Jamshoro power project, Abbottabad–Muzaffarabad road project, construction of two tunnels at Kohori/ Kamer (3.7 km) and ChellaPani (0.6 km), section of Neelum Valley road AJK (ongoing), Jagran-IV hydropower project (pipeline project), Shounter hydropower project, gravity flow water Mansehra project, construction of infrastructure for Malakand Region (ongoing) equipping Hayaseri hospital with medical equipment and furniture, earthquake reconstruction & rehabilitation projects in AJK, Abbottabad (ongoing), grant projects in Balochistan, reconstruction of permanent houses in Awaran, construction of government building Awaran, livelihood restoration in Balochistan, construction of King Salman Hospital Tarlai and construction of F.G Home Economics College (on projects).