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Saudi investors to invest in energy sector in KP

Khyber Pakhtunkhwa (KP) Senior Minister Sikandar Hayat Khan Sherpao Monday called upon Saudi investors to come forward and invest in the power generation, mineral exploration and various other lucrative sectors in KP for mutual benefit of the two nations.

He said this while talking to a Saudi delegation led by Eyad Baaj, who is also having a Saudi Investment Company Al-Qarnain (Pvt) Ltd.

Sherpao briefed the Saudi delegation in detail about investment opportunities in KP particularly in the sectors of oil and gas, hydropower generation, mineral exploration and housing, said a press release.

The senior minister assured the Saudi delegation that both the government and people of KP will provide every help to such investors particularly in view of the fraternal relations between the two nations.

The Saudi delegation expressed their readiness to invest in the province particularly in the sectors of hydropower generation, housing, mineral exploration, livestock and daily development.

They also said that they were ready to take up such projects both either in bulk or one by one and thus it was decided that a Saudi team will stay back in Pakistan for the next twenty days so that concrete steps to be taken in this regard.

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