A three-day visit of a delegation from Saudi led by Saudi Deputy Investment Minister Ibrahim Almubarak in delegation has opened the door to investments in Pakistan’s leading companies. They will be holding business-to-business (B2B) meetings with the target companies in sectors of agriculture, mining, human resources, energy, maritime and chemical. The first wave of investment is a planned £3.75 billion Saudi investment package for Pakistan.
The delegation led by Saudi Deputy Investment Minister Ibrahim Almubarak was welcomed by Commerce Minister Jam Kamal and Petroleum Minister Musadik Malik at the Nur Khan airbase, according to a press release issued by the Ministry of Commerce.
The government aims to court foreign investors to boost its exports in collaboration with Saudi companies. Apart from the mainstream sectors, IT, religious tourism, telecom, aviation, construction, water and power generation as mentioned in the press release.
According to the commerce minister, the purpose of the visit is to enhance trade ties between investors from both countries and identify trade and investment opportunities across various sectors of the national economy Read More…
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