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Saudi Arabia to invest in CPEC, claims Pakistan

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Saudi Arabia is formally invited to become a partner in China-Pakistan Economic Corridor (CPEC) projects, Pakistan’s Minister of Information said on Thursday.

According to details received by The Balochistan Post, Pakistani Minister of Information, Fawad Chaudhry, addressing a press conference in Islamabad regarding Prime Minister Imran Khan’s visit to Saudi Arabia, said that Pakistan has invited Saudi Arabia to become a Partner in CPEC.

The information minister announced that high-level delegations from Saudi Arabia and UAE will visit Pakistan to discuss trade and security in October.

Chaudhry stated that Saudi Arabia is the first country that Pakistan has invited to become a third partner in CPEC, and the projects that Saudi Arabia will be investing in will be worked out during the Saudi delegation’s visit, scheduled in October.

“Pakistan is expecting major investments from Saudi Arabia in CPEC project,” Information Minister said.

It is important to mention that CPEC project is primarily based in Gwadar, the coastal city of Balochistan. Most of the CPEC corridor route passes through Balochistan.

The CPEC project has been rejected by Baloch Nationalists and locals, as they believe that it is the exploitation of their natural wealth and resources without their consent.

Pakistani forces including Chinese workers of CPEC in the region have been attacked by the Baloch Armed groups, who are seeking for an independent Baloch state.

SourceTBP

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