cabinet greenlights saudi investment in gwadar
Last Updated : GMT 06:49:16
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Last Updated : GMT 06:49:16
Arab Today, arab today

Cabinet green-lights Saudi investment in Gwadar

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Arab Today, arab today Cabinet green-lights Saudi investment in Gwadar

Oil refinery in deep-water port of Gwadar.
Jeddah - Arab Today

The Express Tribune report by Danish Hussain states that the federal cabinet on Thursday gave the green signal to Saudi Arabia to set up an oil refinery in deep-water port of Gwadar, marking the first major investment by the gulf country in Pakistan under the new government. “The cabinet has approved the draft of memorandum of understanding (MoU) Pakistan and Saudi Arabia expected to sign soon for the establishment of refinery,” Petroleum Minister Ghulam Sarwar Khan said while addressing the news conference.

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