Pakistan: Saudi Arabia to Join China-Funded Development Project

ISLAMABAD — Pakistan announced Thursday that Saudi Arabia has agreed to join and invest “heavily” in its ongoing China-funded bilateral infrastructure and industrial development projects. Prime Minister Imran Khan’s extensive meetings with the Saudi leadership during this week’s official visit to Riyadh resulted in the landmark development, the Pakistani information minister said. As part of President Xi Jinping’s global Belt and Road Initiative (BRI), Beijing is investing billions of dollars in Pakistan to help the close ally build and upgrade the transportation network, power plants, expand the deep-water port of Gwadar on the Arabian Sea, establish industrial zones to enhance Pakistan’s capacity as a manufacturing hub in the region. [Read More Here]