Saudi investors keen to leverage investment opportunities in Pakistan

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A high-level trade delegation of Saudi Arabia visited Pakistan led by Fahad Bin Mohammed Al-Bash, Chairman, Saudi-Pak Business Council and held B2B meetings with the members of Islamabad Chamber of Commerce and Industry.

The delegation discussed to explore business collaborations in areas of interest. They were representing various sectors including edible oil and fats, food processing, trading, building materials, tourism & hospitality, manufacturing, medical tools and equipment, fintech, pharmaceuticals and infrastructure services, said a press release. The delegation would also visit Lahore and Karachi.

Speaking at the occasion, Fahad Bin Mohammed Al-Bash, Chairman, Saudi-Pak Business Council said that the Saudi investors were keen to leverage business and investment opportunities in Pakistan.

He stressed that the high-level government-to-government relations between the two countries should be matched with strong trade relations to achieve better results.

He said that 20 percent workforce in Saudi Arabia was from Pakistan and his country wanted to import more trained workers from Pakistan. He said that many sectors of Saudi economy including chemical industry, real estate and tourism offered good opportunities to Pakistani investors.

He said that they have seen lot of business opportunities in Pakistan and were working with the embassies of both countries to leverage them up to maximum level.

He said that exhibitions of Saudi products in Pakistan and Pakistani products in Saudi Arabia would be organized to introduce the export potential of both countries.

He hoped that the visit of Saudi trade delegation to Pakistan would help in further promoting bilateral trade between the two countries.

Addressing the delegation, Muhammad Shakeel Munir, President, Islamabad Chamber of Commerce and Industry said that Pakistan offers great opportunities of JVs and investment in various sectors of its economy including mines & minerals, oil & gas, housing & construction, infrastructure development, renewable energy, information technology, food processing, edible oil, logistics, sports, tourism & hospitality. —APP

 

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