Saudi Arabia, Pakistan sign three deals on China-Pakistan Economic Corridor

Saudi Crown Prince Mohammed bin Salman (R) meets with Pakistani Prime Minister Imran Khan in Jeddah on September 19, 2018. (Saudi Ministry of Media handout via AFP/File photo)
Updated 30 September 2018
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Saudi Arabia, Pakistan sign three deals on China-Pakistan Economic Corridor

  • The agreements will bring major investments to the China-Pakistan Economic Corridor (CPEC) projects
  • First delegation from KSA to arrive in Pakistan on Sunday

ISLAMABAD: Pakistan Information Minister Fawad Chaudhry announced on Thursday that Islamabad and Saudi Arabia have signed three major investment deals for China-Pakistan Economic Corridor (CPEC) projects.
He told the media: “Pakistan and Saudi Arabia have inked three agreements for grants. The first delegation from Saudi Arabia, comprising the chief of its investment and petroleum ministers, will be arriving in Pakistan on Sunday.”
Earlier, Nawaf bin Said Al-Malki, Saudi Ambassador to Pakistan, said that Islamabad and Riyadh have shared grief and joy together, and that the bonds of bilateral ties will be further strengthened through CPEC.
Al-Malki made his remarks as a chief guest at a ceremony organized by the International Islamic University Islamabad (IIUI) to celebrate Saudi Arabia’s 88th National Day on Monday.
He thanked the management of IIUI for arranging the ceremony and hoped the university would soon get positive news from Saudi Arabia.
“The leaderships of both the countries agreed on bilateral minister-level talks for cooperation and soon the KSA delegation will meet the relevant government officials,” he said.


Saudi Arabia's King Salman offers $1m to International Civil Aviation Organization

Updated 17 June 2019
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Saudi Arabia's King Salman offers $1m to International Civil Aviation Organization

RIYADH: Saudi Arabia’s King Salman has provided $1 million to the International Civil Aviation Organization (ICAO), the Saudi Press Agency reported Monday.

The announcement came as part of the “Kingdom’s efforts in supporting international organizations and bodies and the leadership’s keenness to play an important role in the most important international and regional organizations,” SPA said.

The aid will go towards supporting ICAO’s No Country Left Behind (NCLB) initiative, which aims to assist developing countries in applying the standards and recommended methods for the safety and security of civil aviation.

The aid will also contribute to the costs of translating the organization’s documents and publications into Arabic.

The President of the Kingdom’s General Authority for Civil Aviation (GACA), Abdulhadi bin Ahmed Al-Mansouri thanked King Salman for his support to the aviation sector locally, regionally and globally, 

He said: “this contributes to the development of the aviation industry and to improve the safety and security of civil aviation in developing countries, least developed countries and island states.

The $1 million of financial assistance is an extension of the Kingdom's previous financial support in 2016 which “ the level of safety and security of civil aviation in the Middle East and Africa," Al-Mansouri said.

Olumuyiwa Benard Aliu, the ICAO’s president, thanked the king for the support.