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Saudi prince Mohammed bin Salman arrives in Pakistan News



Mohammed bin Salman arrived in Pakistan for a two-day state visit and signed investment deals of $ 20 billion to support the economy of the South Asian nation.

Prince Mohammed, also known as MBS, arrived in the capital of Pakistan, Islamabad, on Sunday, the day after he was originally scheduled to land. He was welcomed by Prime Minister Imran Khan and received a red carpet welcome with a gesture of 21 pistols .

The Khan himself drove the Saudi King to the Prime Minister's residence, where he was greeted by honorary guard.

The Prince is accompanied by a strong delegation, including leading businessmen and cabinet ministers, who, shortly after arriving in Pakistan, have signed a series of agreements totaling more than $ 20 billion, according to Prince Mohammed who later talked to a joint press conference with the inn.

Why does the Saudi Royal prince look east for business?

grow every month every year, "he said for economic co-operation between the two countries. "We believe that Pakistan will be a very important country in the near future and we want to make sure we are part of it."

The Royal Prince also announced his vision to make Saudi Arabia a top destination for tourism. The Kingdom aims to diversify its oil-dependent economy into a plan described as Vision 2030.

"We will be heading for 100 million tourists … We can not commit to 2030, but one day we will get [19659039] Welcome to the red carpet

The great roads in Islamabad were blocked for the arrival of Prince Mohammed with more than 1,000 police checkpoints. Entry into the fortified diplomatic zone is prohibited and airspace over the city is closed

Saudi and Pakistani flags are displayed throughout the city along with the portraits of MBS and Han.

Mobile phone and internet services were blocked in some parts of the city. Monday is declared a public holiday and schools and offices will be closed.

The analysts say that the journey of Prince Mohammed is treated by Islamabad as the largest a state visit by Chinese President Cing Dingping in 2015, shortly after Beijing announced plans to invest tens of billions of dollars in infrastructure in Pakistan as part of the global Chinese Path and Road Initiative

. will become the first guest to remain in the prime minister's house as Han refused to use the dwelling since the mine came into force fifth year in a bid to save taxpayers' money.

In addition to holding talks with Khan, who has already visited Saudi Arabia twice since he became prime minister last July, MBS is expected to meet with Army Head Kamar Yaved Bayva and President Ariff Alvey.

Pakistan is in the midst of a major debt crisis and is looking for a $ 12 billion rescue from the International Monetary Fund but has not yet signed the deal that comes with tough conditions.

Saudi Arabia has been helping Saudi Arabia in the past few months to be in a state of sailing, supporting its rapidly decreasing foreign exchange reserves with a $ 6 billion loan, which allows Islamabad to negotiate a rescue with the International Monetary Fund. On the visit of Prince Mohammed, Pakistan and Saudi Arabia, "will sign a number of agreements and memoranda of understanding relating to various sectors including investment, finance, energy, renewable energy, internal security, the media, culture and Sports

This includes a $ 10 billion refinery and petrochemical complex in the coastal town of Guadar, where China builds a port, as well as the possible acquisition of two large power plants by Saudi companies, clerks

the procession of Prince Mohammed comes against a background of high tension in the region: India and Saudi Arabian Army – both bordering on Pakistan – blame Islamabad for "fighting" groups that have committed suicide attacks on their land during the last

It will also obviously coincide with possible new talks between the Taliban and the United States about Afghanistan, and I travel to India where she will meet Prime Minister Narendra Mody and Oil Minister Dharmendra Pradhane.

He is expected to complete the trip with a visit to China on Thursday and Friday. Monday in Indonesia and Malaysia were postponed on Saturday without explanation.

Further Reporting by Assad Hashim in Islamabad

SOURCE:
Al Jazeera and news agencies

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