Meeting of the Saudi delegation with the Prime Minister, presentation of many projects including PIA
The delegation was also given suggestions for PIA, privatization of airports, joint venture in 2 five star hotels in Islamabad.
Islamabad: A high-level delegation led by Saudi Foreign Minister Faisal bin Farhan met Prime Minister Shehbaz Sharif during which investment projects in Pakistan were discussed.
Federal Ministers including Ishaq Dar participated in this meeting held at the Prime Minister House. All the ministers gave a briefing about the projects related to their ministries. Suggestions regarding investments in transmission lines, solar projects, mining projects were also given to the Saudi delegation.
The delegation was offered PIA, privatization of airports, joint venture in 2 five star hotels in Islamabad. According to the proposal, the land for the hotels will belong to CDA and the investment will be made by Saudi Arabia and then they will build the hotel. The delegation was also offered the Matiari Transmission Line and First Women Bank.
The Saudi delegation was also offered to build a health city, for which CDA is ready to become a partner or take money by giving land.
According to the sources, SIFC central secretary is doing all the work regarding the investment projects. The Saudi delegation will also meet President Zardari and Army Chief General Syed Asim Munir. The Prime Minister is overseeing all matters to finalize various projects with the Saudi delegation.