The visit comes just weeks after Pakistan rolled out the red carpet for Abu Dhabi's Crown Prince Sheikh Mohamed bin Zayed Al-Nahyan, shortly after the emirate pledged to provide $3 billion to support Pakistan's battered economy.
He said a Pak-Saudi Coordination Council would be set up following the visit, where Prime Minister Imran Khan would personally lead the monitoring of the implementation of MoUs.
Qureshi said that he would leave for Germany on Thursday.
Whether the issue of Kashmir would be taken up with Saudi crown prince in view of his visit to India next week, Qureshi said Saudi Arabia was a member of the Contact Group on Kashmir and through its representative had made clear statement supporting the stance of Pakistan. It is typical of a Saudi royal to visit a country with such paraphernalia.More news: Mauro Icardi stripped of Inter Milan captaincy
While the current United States president, Donald Trump, said Riyadh's explanation was "credible", many others from the worldwide community condemned the killing with Germany, Norway and Denmark all ceasing the sale of arms to Saudi Arabia.
As per plan, mobile phone service will remain suspended in parts of Islamabad and Rawalpindi while more than 100 check points will be established on different routes. The crown prince, however, will use his own vehicles which will be brought directly from Saudi Arabia. He will hold meetings with Prime Minister Khan and other top officials, as well as Pakistani military leaders.
The projects aim to improve the quality of life across several sectors including the fields of education, health, investment, and sports.
When CNN's Becky Anderson asked Barrack about the effect the murder of journalist Jamal Khashoggi has had on Saudi Arabia's global reputation, Barrack first cracked a joke before stressing that "whatever happened in Saudi Arabia, the atrocities in America are equal, or worse", per Gulf News.More news: Airbus to scrap production of A380 superjumbo
He said Pakistan was in high need of refined oil products, for which Saudi Arabia had shown willingness to meet the needs of local oil market with investment of $2 billion for two years in addition to investment in Pakistan's mining sector.
Khan's adviser for commerce, Abdul Razzak Dawood told reporters he expects a $7 billion Saudi investment in the country in the next two years and that agreements will be signed between Pakistan and Saudi Arabia when the Saudi crown prince visits Pakistan.
Pakistan is in the grip of a major debt crisis, and is seeking a multi-billion-dollar bailout from the International Monetary Fund.More news: Washington Wizards' John Wall out for season for ruptured Achilles tendon surgery