Saudi Arab FM arrived with investment plans

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ISLAMABAD: Foreign Minister of the Kingdom of Saudi Arabia Prince Faisal Bin Farhan Al Saud, heading a delegation, arrived on a two-day visit at Rawalpindi’s Nur Khan Airbase to a red-carpet welcome, and a static guard of honour.

He was received by his counterpart Mohammad Ishaq Dar and Ambassador of Saudi Arabia Nawaf bin Saeed Ahmad Al-Malkiy, as a military band played in the background.

“This visit is aimed at lending positive impetus to enhanced bilateral cooperation and mutually rewarding economic partnership,” said the Ministry of Foreign Affairs in a statement on Monday.

Coming on the heels of the recent visit by Prime Minister Shehbaz Sharif to Saudi Arabia, both countries have agreed to expedite the first wave of a planned $5 billion Saudi investment package for Pakistan. Prince Faisal is scheduled to call on PM Shehbaz Sharif, President Asif Ali Zardari and Chief of Army Staff (COAS) General Asim Munir during his visit. Foreign Minister Ishaq Dar and Prince Faisal will lead their respective delegations in the engagement at the Special Investment Facilitation Council (SIFC). Both will also have delegation-level talks at the Foreign Office.

The delegation accompanying the Saudi foreign minister consists of Saudi Minister of Water and Agriculture Engineer Abdul Rahman Abdul Mohsen Al-Fadley, Minister of Industry and Mineral Resources Bandar Ibrahim AlKhorayef, Deputy Minister of Investment Badr AlBadr, Head of Saudi Special Committee Mohammad Mazyed Al Towaijri, and senior officials from Ministry of Energy and Saudi Fund for General Investments.

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