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Qatar looking to invest in CPEC, Gwadar Port - Zameen News

Qatar looking to invest in CPEC, Gwadar Port

January 17, 2019 • news

Balochistan: Qatar has shown interest in investing in the China-Pakistan Economic Corridor (CPEC) project and Gwadar Port, a news source reported. Its plans include the establishment of food storage facilities at the port. This investment will promote the region’s development, and provide a boost to the local economy.

Read: Gwadar Master Plan: Is the wait finally going to be over?

Prime Minister (PM) Imran Khan will leave for an official trip to Qatar on January 22, 2019. Important meetings with the Qatari leadership will be part of his itinerary. Discussions over the import of liquefied natural gas (LNG), along with formalizing other deals between the two countries, will also be held.

The official contingent accompanying the PM will include Foreign Minister Shah Mehmood Qureshi and Finance Minister Asad Umar. Special Assistant to PM on Overseas Pakistanis Zulfi Bukhari, Petroleum Minister Ghulam Sarwar Khan, and advisor on trade will also be part of the delegation.

Read: KSA to invest USD 10 bn in Gwadar

Previously, Saudi Arabia had also pledged to invest in Gwadar - with several development plans scheduled for inauguration inside the city this year. The construction of an international airport is one of them.