Saudi Arabia expresses strong interest in investing in Pakistan’s key sectors
Various working groups within SIFC established to meticulously review each project
Imtiaz Ali Abbasi
Saudi Arabia has expressed deep interest in investing in key sectors of Pakistan, leading to a three-day official visit by a high-level Saudi delegation headed by Investment Minister Sheikh Khalid bin Abdulaziz Al-Falih.
This visit has resulted in the signing of 27 memorandums of understanding (MoUs) worth $2.2 billion, focusing on sectors such as industry, agriculture, IT, food, education, minerals, health, petroleum, energy, and mutual cooperation.
During the visit, a ministerial roundtable conference was held to address concerns of foreign investors, clarify policies, and promote an enabling environment for investment. The government has assured that these MoUs will be translated into actionable projects to restore international investors' confidence and encourage further investments from Saudi Arabia.
Various working groups within the SIFC have been established to meticulously review each project, facilitate investors, and ensure the swift implementation of the signed agreements.
The conference also suggested exploring new export items, such as construction materials and agricultural products, to boost Pakistan's export potential.
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