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Saudi Arabia’s “biggest investment ever” in Pakistan

Karachi - Pakistan and the Kingdom of Saudi Arabia have finalized the memorandum of understanding for the construction of multi-billion dollar Saudi Aramco oil refinery in Gwadar deep seaport city

Karachi - Pakistan and the Kingdom of Saudi Arabia have finalized the memorandum of understanding for the construction of multi-billion dollar Saudi Aramco oil refinery in Gwadar deep seaport city according to an Arab News report. Gwadar is located in Balochistan province, officials said on Thursday.

Pakistan is expecting to sign a number of investment deals including the construction of mega oil refinery in the month of February in the presence of a high-level Saudi delegation, confirmed Information Minister Fawad Chaudhr.

“The oil refinery project is the biggest investment project of Saudi Arabia in Pakistan,” he added.

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