BREAKING NEWS: Saudi Arabia to invest $10 Billion in Gwadar

Saudi Arabia will be the third partner in CPEC as China agree to Saudi build oil city in Gwadar.*

Gwadar has received a major push as Saudi Arabia announced it will invest $10 billion into building an oil city in Gwadar, the gateway city to the China Pakistan Economic Corridor. The decision was made immediately after the two-day visit of Pakistani Prime Minister Imran Khan to Saudi Arabia. This investment will give the multi-billion-dollar project the major push it deserves as Saudi and China will route all of their oil trade through Gwadar port.

With this considerable international investment Pakistan is establishing itself as a serious global economic power in the region. Gwadar, already an incredibly significant key port in the southwestern Balochistan province, shall be turned into a tremendously important oil city. Both key investors, China and Saudi Arabia have a joint vision that Gwadar is about to become even more vital in the worldwide economic trade in the following years and will be supporting the city port all the way.

After their investment in Pakistan Saudi Arabia has become the latest party to invest billions of dollars into CPEC. “Saudi Arabia and Pakistan stand by each other on each and every occasion and Saudi Arabia will give maximum assistance to Pakistan,” said Fawad Chaudhry, the Information and Broadcasting Minister of Pakistan.

The China Pakistan Economic Corridor is a $62 billion project part of the Chinese Belt and Road Initiative (BRI). With this extraordinarily ambitious project President Xi is aiming to enhance China’s economic activity around the world through massive infrastructure development. The key to successful investing is timing and foresight. The time to invest in Gwadar is now. If you are interested in securing yourself a piece in the future of emerging Pakistan then contact us now!

*Update 04/10/18 – Pakistan has since said that Saudi Arabia will not be a third partner of the China Pakistan Economic Corridor (CPEC) framework and the kingdom’s investments will fall under a separate arrangement. The Minister for Planning and Development Khusro Bakhtiar stated that the main aim is not to add more investors into CPEC but to accelerate the process with additional funds. There is speculation however that there could be offshoots of CPEC, trilateral agreements that would involve a third country such as Saudi Arabia, Japan or Germany along with Pakistan and China.

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