Saudi crown prince to visit China

AFP  |  Beijing 

Saudi will visit next week, Beijing's foreign ministry said on Friday, as part of a swing through in which the monarch is expected to sign an investment package with cash-strapped

The visit will seek to "promote the greater development of Sino-Saudi relations" and "deepen cooperation" on China's "Belt and Road" economic and trade diplomacy initiative, said at a daily press briefing.

The trip comes as the world's top crude exporter has been investing heavily in refinery and petrochemicals projects across the globe to secure long-term buyers of its

He will also make stops in Pakistan, India, and

The visits over the weekend, with the two reportedly planning to sign a number of agreements.

These include deals for a USD 10 billion and refining complex in Pakistan's strategic on the

Gwadar figures prominently in plans for the massive multi-billion dollar China-Economic Corridor, a collection of infrastructure projects seen as a key plank in the Belt and Road initiative.

The Chinese-led initiative involves investments worth some USD 60 billion in projects in a range of

The crown prince's travels take place against the backdrop of the diplomatic crisis triggered by the brutal murder in of Saudi Khashoggi.

The dissident was dismembered after his murder October 2 in the but his remains have yet to be found.

The heir apparent to the Gulf kingdom's continues to be tarnished by his alleged links to Khashoggi's death amid new revelations he spoke of going after the "with a bullet".

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Fri, February 15 2019. 15:40 IST