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International relations

Pakistan's Gwadar loses luster as Saudis shift $10bn deal to Karachi

Infrastructure gaps behind Riyadh's decision to move oil refinery to more developed area

Cranes tower above a wharf at the port of Gwadar, Pakistan, in October 2017. Until the recent decision by Saudi Arabia, the city was being touted as the future "Singapore of Pakistan."   © AP

KARACHI -- Saudi Arabia has decided to shift a proposed $10 billion oil refinery to Karachi from Gwadar, the center stage of the Belt and Road Initiative in Pakistan, further supporting the impression that the port city is losing its importance as a mega-investment hub.

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