Pakistan to Sign the Biggest Trade Deal Worth $14 Billion with Saudi Arabia

RIYADH: The Saudi Cabinet has authorized the ministers to sight the trade deal for investment with Pakistan. It worth $14 billion and is considered the biggest trade deal of Pakistan’s history.

According to the Saudi Press Agency, the Minister of Energy and the Minister of Industry & Mineral Resources will accompany with the Saudi Crown Prince Mohammad Bin Salman. The crown prince of KSA is coming on a 2-Days visit to Pakistan on February 16. So, the Saudi cabinet has authorized the above-discussed ministers to sign a MoU between KSA and Pakistan.

The memorandum of understanding will be regarding the joint projects in the field of Developing Renewable Energy, Refining & Petrochemical, the mineral sector, and the business sector. Furthermore, the head of SCTH (Saudi Commission for Tourism and National Heritage) will also sign a MoU with Pakistan for joint projects in Archaeology and Museums to promote tourism in Pakistan.

Sohaib Rehman

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