Saudi Arabia will invest $20 billion in Pakistan’s economy

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The Crown Prince of Saudi Arabia, Mohammed Bin Salman Al Saud, met with the Prime Minister of Pakistan, Imran Khan, during a trip to Asia. According to Bloomberg, during this meeting, the prince said that the two countries were planning to build a “great future.” To achieve this goal, Saudi Arabia will invest $20 billion in Pakistan. This investment plan assumes that $10 billion will be spent on the construction of an oil refinery in Gwadar. In addition, the two countries concluded an agreement according to which Saudi Arabia will supply oil and oil products to Pakistan with deferred payments.

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