2007 News Story

Saudi-Kuwati group invests in Pakistan

Midroc Tussonia (Pvt.) Limited, a Saudi-Kuwati Group, has agreed to invest between $1.5 billion and $2.5 billion into the power, oil, gas and real estate sectors of Pakistan over the next five to seven years.  Sheikh Humoud Al-Sabah, President of Midroc Tussonia Ltd., and Zahid Hamid, Pakistan’s Minister for Privatization and Investments, discussed the details of the investment in a meeting in Islamabad on June 15.  Hamid assured the delegation that the projects would be completed.