Pakistan will Attend Saudia Investment Conference

[AZADPAKISTAN2009]

https://www.bbc.com/news/business-45893078

THINKING BUSINESS : IMRAN KHAN
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ISLAMABAD: Pakistan’s foreign ministry announced Friday that Prime Minister Imran Khan will attend a Saudi Arabian investment conference

https://www.freemalaysiatoday.com/c...han-to-attend-controversial-saudi-conference/

Khan’s visit comes as Pakistan continues to court “friendly” nations in search of billions of dollars to shore up its deteriorating finances as it faces a balance of payment crisis and upcoming talks with the International Monetary Fund (IMF) over a potential bailout.



Khan’s participation in the conference “signifies our solidarity with the kingdom in its efforts to become an emerging hub of international business and investment,” the foreign ministry said in the statement.

“The conference provides an opportunity to interact with important business leaders who are interested in investing in Pakistan.”

Pakistan will be in a great strategic position to be able to win Saudi Contracts should these be available for Joint Pakistan-Saudi Partnership

'Davos of the Desert'
Consultancy firms McKinsey, PWC, Ernst & Young, Deloitte, BCG, Oliver Wyman, and Bain & Company are all sponsors of the event, along with German conglomerate Siemens and research company SWFI.

None responded to questions about whether or not they had plans to withdraw.

Germany consultancy firm Roland Berger, which is also sponsoring the event, said it was reviewing its position.

The BBC understands that Goldman will be sending a small number of attendees.

However a page with a list of confirmed speakers has been removed from the conference's website.

Dubbed the "Davos of the Desert," the three-day event is organised by Saudi Arabia's sovereign wealth fund and is an opportunity for firms to build relationships and secure lucrative contracts in the Kingdom. Politicians and business executives from Europe, North America and Asia were on the attendance list.

 

[somebozo]

At a time when everyone is shunning this event, Imran khan should play his cards right..

 

[AZADPAKISTAN2009]

Why should Pakistan Shun a Massive chance to grow Saudi-Pakistani cooperation?
Sure some crime was committed at some Embassy , and I am sure Turkey /Saudi Authorities will work together to resolve the issue. And try to uncover who was involved it is a crime investigation , the citizen impacted was a Saudi Citizen it is their internal matter

It does not impacts Pakistan-Saudia Bilateral Ties of Historic Levels


https://www.thenews.com.pk/latest/3...udi-investment-conference-in-riyadh-on-oct-23

PM Imran Khan to attend ‘Investment Conference' in Saudi Arabia

ISLAMABAD: Prime Minister Imran Khan will visit Riyadh on October 23, on the special invitation of King Salman bin Abdel Aziz, to participate in the two-day “Future Investment Initiative (FII),” conference that would host leading businesspersons, investors, corporate giants, representatives of hi-tech industry and major media outlets at one platform.

Imran Khan’s participation in first day of the conference – termed as “Davos in the desert” is aimed at projecting Pakistan’s economic and investment potential and the Prime Minister’s vision of the country in the five years to come, the Foreign Office announced Friday.

Prime Minister will also call on King Salman and meet Crown Prince Muhammad Bin Salman. Matters of mutual interest will be discussed.

The Conference provides an opportunity to interact with important business leaders interested in investing in Pakistan, a statement from the Foreign Office said.

“Future Investment Initiative (FII)” is now an annual feature in Saudi Arabia. The first FII was held last year, with participation of 3800 people from 90 countries. This year’s conference is also likely to attract participation from a large number leading figures.

“The Prime Minister’s participation in the conference signifies our solidarity with the Kingdom in its efforts to become emerging hub of international business and investment,” the statement said.

https://www.voanews.com/a/china-welcomes-saudi-plans-invest-cpec-project-with-pakistan/4604946.html

China Welcomes Saudi Plans to Invest in CPEC Project With Pakistan

ISLAMABAD —

China has praised investments Saudi Arabia intends to contribute to Chinese-funded massive infrastructure projects under construction in Pakistan, dispelling skepticism Islamabad was risking Beijing's outrage by inviting a third party to a strictly bilateral deal.

The ongoing massive project, known as the China-Pakistan Economic Corridor (CPEC), is the flagship enterprise of President Xi Jinping's global Belt and Road Initiative (BRI).

"Not at all," said Lijian Zhao, the deputy chief of the Chinese embassy in Islamabad, when asked by VOA whether his country was upset with possible Saudi financing in CPEC projects.

In a detailed interview, the senior Chinese diplomat asserted that Beijing itself has been encouraging Islamabad to engage in investments in CPEC from other countries.

CPEC is estimated to bring $62 billion in Chinese investments to Pakistan over the next 15 years for building transportation networks, special economic zones and power plants to help Islamabad improve its manufacturing capacity and overcome energy shortages.

China has already invested more than $19 billion in 22 "early harvest" projects in Pakistan since the two countries launched the massive infrastructure development project four years ago.

The Chinese investment has helped Pakistan upgrade and construct new highways and power plants that have effectively addressed electricity shortages in Pakistan. It has also created more than 70,000 jobs for locals.

"If any other party would like to contribute positive factors to promote the interconnectivity and prosperity of the region on the basis of consultation, I think this is a positive factor," Chinese Foreign Ministry spokesman Lu Kang told reporters Monday. He was responding to Pakistan's invitation to the Saudis to invest in the bilateral development project.

The centerpiece of the project is Pakistan's Chinese-built and operated deep-water Gwadar port on the Arabian Sea, which is regarded as the gateway to CPEC


Saudi investment

Pakistani Petroleum Minister Ghulam Sarwar Khan announced last week after talks with a visiting Saudi delegation that Riyadh has "in principle" agreed to establish a multibillion-dollar oil refinery complex in Gwadar.

Zhao said that contrary to "misreporting and propaganda in the Western media," all CPEC projects are doing "very well" on the ground and moving fast, with nine of the 22 completed, and the rest in the process of completion.

"In the initial phase, a network of roads and power plants has been established, laying the foundation for building special economic zones and bringing high-quality Chinese technology, as well as labor-intensive industries, to Pakistan to help build [the] manufacturing capacity of the country," he explained.

The industrial cooperation will help create tens of thousands of much-needed jobs for Pakistan. It will enable the country to produce more high-quality, export-oriented goods that would help generate crucial foreign exchange for the country, Zhao said.

When the Chinese foreign minister visited Islamabad last month to "recalibrate" relatively smaller projects in the next phase to improve health, education and agricultural sectors, as well as provide clean drinking water, both countries agreed to bring "CPEC benefits directly to ordinary Pakistanis," Zhao noted.

"In the next five years, we should further encourage other countries to participate, in terms of bringing financing, construction and equipment to CPEC projects," he added.

 

[Meengla]

Correct decision. Pakistan should attend.. and I think many from other countries will attend.. perhaps even from America..

 

[AZADPAKISTAN2009]

Saudia is investing heavily in CPEC , and likely Attending will ensure Pakistan secures Contracts in engineering sector to work on Saudi cities with some sort of Joint Collaboration work

Sitting at home smelling brain fart from Pakistani TV won't improve our economy

CPEC and Saudia's ambitions 2030 plans are starting to look very similar all of sudden

Attending means

• Chance to grow Pakistan - Saudia , economic ties connect CPEC with Saudia

• Chance to gain Engineering Projects collaboration or Work force deals with Saudia

• Who knows may be get more Saudi Investment to come to Pakistan so we solidify our CPEC goals

• May be Pakistani Firms can get chance to Bid on Projects in Saudia Arabia due to closer ties between two nations Bahria Town like projects in Saudia

 

[somebozo]

Why should Pakistan Shun a Massive chance to grow Saudi-Pakistani cooperation?
Sure some crime was committed at some Embassy , and I am sure Turkey /Saudi Authorities will work together to resolve the issue. And try to uncover who was involved it is a crime investigation , the citizen impacted was a Saudi Citizen it is their internal matter

It does not impacts Pakistan-Saudia Bilateral Ties of Historic Levels

Play his cards right to secure much needed investment.

 

[AZADPAKISTAN2009]

Talking Economy in region is the right way forward for whole region