ISLAMABAD: Saudi Crown Prince Mohammed bin Salman will be in Pakistan on November 21 for a highly-anticipated visit, the Saudi Embassy in Islamabad said on Monday.
It will be the crown prince’s second official trip to Pakistan. During the first in 2019, the two countries signed investment deals worth $21 billion, including for an oil refinery.
“Confirmed,” Naif Al Otaibi, Saudi press attache in Islamabad, told Arab News when asked if the crown prince would be arriving on November 21.
Last month, the Pakistani PM said he was hopeful of a breakthrough in the financing of a multibillion-dollar oil refinery project during the upcoming highly anticipated visit of Saudi Arabia’s crown prince and prime minister.
Islamabad and Riyadh signed seven investment agreements worth $21 billion during the first official visit of the Saudi crown prince in February 2019. The mega investment included a $10 billion Aramco oil refinery and a $1 billion petrochemical complex in the southwestern Pakistani port city of Gwadar.
However, a feasibility conducted in late 2019 suggested Pakistani authorities were looking for another location for the refinery project closer to the port city of Karachi rather than in the restive Balochistsn province, home to a long-running separatist insurgency.
Pakistani officials have variously said they are hopeful of progress on the proposed oil refinery and other projects while the crown prince is in Pakistan.