(MENAFN) Saudi Arabia will sign an agreement with Pakistan on the construction of an oil refinery in Gwadar, a southwestern Pakistani strategic port city.
The oil refinery deal is considered as part of USD10 billion investments Saudi Arabia will be providing to Pakistan.
Pakistani oil refinery, petrochemicals, renewable energy and mining sectors are being targeted by the Kingdom, suggested Investment head Haroon Sharif.
Sharif added that "we are expecting $10 billion plus Saudi investment and the MoUs to be signed in this regard will not be common or vague, but concrete agreements."
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