The Saudi Crown Prince Mohammed Bin Salman is expected to declare the investments in infrastructure and energy during a tour in India and Pakistan in next days. The Prince known as MBS is also expected to take a tour to China, Malaysia, and Indonesia during a visit which will be first across the region since the uproar over the murder of Jamal Khashoggi, a contributor, and Washington Post columnist, at the Saudi consulate in Istanbul in the last October.
Prince Mohammed is due in tour Pakistan in this weekend, while he is expected to sign agreements, directly involved to a refinery and the power sector, according to the Pakistani officials.
He is expected in next week, in New Delhi, along with the prominent Saudi businessmen, at the summons of Indian Prime Minister Narendra Modi, told the foreign ministry.
Prime Minister of Pakistan, Imran Khan was one among a few of heads of the state who attended the flagship investment conference in Riyadh. It was an event which was abstained by many companies and the leaders of the world in the protestation over the murder of Khashoggi.
Indian Prime Minister met the Saudi Prince, while they were both in Argentina, for attending 20 summits. As the top crude oil supplier of India, Saudi Arabia and India have extended the ties beyond energy and their governments have admitted maintaining the strategic partnership, according to the foreign ministry.
The foreign ministry told in a statement, “In recent years, there has been significant progress in bilateral cooperation in key areas of mutual interest, including energy security, trade, and investment, infrastructure, defense, and security ”.
India is waiting for an announcement by the Saudi Crown Prince an initial investment in the National Investment and Infrastructure Fund, a quasi-sovereign wealth fund, to assist boosting the construction of ports and highways, according to an official.
According to another official od trade ministry, Saudi Arabia has also tabbed a desire for investment in the farm sector of India, with products to be exported to Saudi.