Islamabad: The Prime Minister will leave tomorrow for a visit to Saudi Arabia. In this regard, a Saudi investment plan worth more than one billion dollars has been prepared.
The federal government has prepared a comprehensive plan to bring investment worth more than one billion dollars from Saudi Arabia in the Rekodic project. The plan prepared by the Ministry of Finance and Investment Board has been submitted to the Prime Minister.
Federal Finance Minister Muhammad Aurangzeb will accompany Prime Minister Mian Shahbaz Sharif on his visit to Saudi Arabia to give a special briefing to Saudi investors with investment plans in Recodek.
According to Finance Ministry sources, the Prime Minister will be accompanied by the Finance Minister and senior officials of the Finance Ministry. During the visit to Saudi Arabia, the Finance Minister will give a briefing on incentives for investment. Saudi Arabia will also be given special incentives to invest in Recodek.
Sources say that the size of the Saudi Arabian investment transaction in Recodek will be the largest. SIFC’s platform is bringing huge investment to Recodek. The Finance Minister informed the Prime Minister about Saudi Arabia’s investment in Recodek.
Ministry of Energy, Ministry of Finance and Investment Board have given the complete plan to the Prime Minister. SIFC has also been roped in to invest in Recodek.
The visit to Saudi Arabia will also be accompanied by members of the committee constituted for investment in Recodec, which includes officials from the Ministry of Finance, Energy, OGDCL. It should be noted that earlier, the Ministry of Finance has expressed an expectation of a billion dollar investment from Saudi Arabia on Recodek.
