Saudi business delegation visits SIFC to explore investment opportunities

A high-level Saudi business delegation, led by H.H. Prince Mansour bin Mohammad Al Saud, Chairman of the Saudi-Pakistan Joint Business Council, visited Special Investment Facilitation Council (SIFC) to explore investment and business opportunities across key sectors of the economy.

As per a statement, the visit provided an important platform for strengthening Pakistan-Saudi economic and commercial ties and advancing mutually beneficial investment initiatives.

READ MORE: Key sectors: SIFC engages with Saudis on investments

The SIFC coordinated engagements of the Saudi delegation with senior government representatives and relevant stakeholders across Power, Petroleum, Privatisation, Industries, Communications and Highways, as well as with leading private-sector entities.

“The engagements covered both Government-to-Government (G2G) and Business-to-Business (B2B) investment frameworks, with discussions focused on priority sectors offering significant opportunities for collaboration and investment.”

The visit reaffirmed the strong economic partnership between Pakistan and Saudi Arabia and reflected the growing interest of Saudi investors in Pakistan’s diverse investment landscape, added the press release.

On Tuesday, Prime Minister Shehbaz Sharif said Pakistan was keen to transform its economic relationship with Saudi Arabia into a mutually beneficial strategic economic partnership, in line with the vision of Saudi Crown Prince and Prime Minister Mohammed bin Salman.

The PM was speaking during a meeting with a high-level Saudi business delegation led by Prince Mansour bin Mohammad Al Saud, chairman of the Saudi-Pak Joint Business Council, which called on him.

Recalling Prince Mansour’s previous visits to Pakistan, Prime minister Sharif expressed hope that the delegation’s current visit would build on earlier discussions and culminate in the signing of memoranda of understanding (MoUs) and agreements across multiple sectors.