Saudi Arabia has also rejected Pakistan's offer to invest in transmission lines in power sector, but the Saudi delegation expressed satisfaction over the implementation of the project for setting up hundred acres area of industrial industry in Karachi. The high level delegation for Pakistan The representatives of relevant department will be present and will take the offer from Pakistan to provide chemical industry.
With the delegation led by Saudi Trade Advisor, till date, there has not been a case of investment or funding supply for any dam, including Diamer Bhasha Dam.
Saudi delegation has also made it clear to Pakistani authorities that Saudi Arabia will not go to any competitive bidding for investment in Pakistan, which will invest in the project, without bidding and all responsibility for supplying security will be the government of Pakistan. The main figure in the talks said that the Saudi delegation coming to visit Pakistan has representatives from Aram and other companies including Aqua Power.
Sources say that most shares in the Aram Co-operation are Americans. Saudi delegation visiting Pakistan has no option to sign MoU with Pakistan. This delegation will agree with the MOI regarding the plans for the development of bilateral trade and investment, and both countries MOI will approve the related formats.
Sources told Saudi Arabia that the oil refinery in Gwadar has also been subject to infrastructure supply and the representatives of the Saudi Aramco have said that basic infrastructure infrastructure, including electricity, water, gas and roads, will be provided to Pakistan for oil refinery.
Sources say that according to the schedule, the Saudi delegation had to stay in Pakistan until Friday, but negotiations have almost been completed, so this delegation can now be returned on Thursday.
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