Saudi Arabia keen to invest

Saudi Arabia keen to invest in renewable energy in Pakistan

Saudi Arabia is interested in undertaking renewable energy projects in Pakistan, announced Saudi Adviser for Energy and Mineral Resources Ahmad Al-Ghamdi.

During his visit to the Karachi Chamber of Commerce and Industry (KCCI), he said representatives of a Saudi company, Aqua Power, would soon be visiting Pakistan to introduce renewable energy technologies including solar, wind and other technologies.

“We have also discussed investment opportunities in Pakistan’s mining sector and in this regard, a memorandum of understanding is at final stages, which will soon be signed between both the countries, signifying commencement of new relations between Pakistan and Saudi Arabia,” the adviser said.