ISLAMABAD – A high level Saudi delegation is slated to land in Pakistan on Sunday for advancement of investment opportunities in different sectors.
Sources familiar with development revealed that delegation comprising at least 50 members from dozens of companies will visit Asian nation.
The visiting members will share trade talks in sectors related to IT, communications, energy, aviation, construction, mineral exploration, agriculture, and HR development.
Talks between two sides aim to discuss ways to promote Pak-Saudi trade and strengthen business ties with local entrepreneurs.
Federal Minister of Petroleum Musadik Malik confirmed the delegation’s arrival, saying 76 Pakistani business companies have been shortlisted for potential cooperation. The minister highlighted plans to increase cooperation between Islamabad and Riyadh at both government and private levels.
It was reported that focus will be on sectors such as petroleum, electricity, and oil refining, with approximately 8 to 10 projects worth $8-10 billion set to be discussed. Projects ranging from $500 million to $1 billion, including the modernization of a refinery, will also be part of the agenda. Investment in the Diamer-Bhasha Dam project is also expected.
The development comes after PM Sharif’s recent trip to Riyadh to attend the World Economic Forum’s Special Meeting on Global Collaboration, Growth, and Energy. PM Shehbaz discussed cooperation in various sectors with Saudi Crown Prince Mohammed bin Salman and Saudi Minister of Commerce Dr. Majid bin Abdullah Al-Qasabi.
Both sides expressed commitment to enhancing economic ties, with Saudi Arabia prioritizing trade and investment in Pakistan.
