Saudi business delegation visits SIFC to explore investment opportunities

A senior Saudi business delegation led by Prince Mansour bin Mohammad Al Saud, chairman of the Saudi-Pakistan Joint Business Council, visited the Special Investment Facilitation Council to look at investment and commercial openings across major parts of the economy, Business Recorder reported. According to a press release, the visit offered a useful forum for deepening economic and commercial links between the two countries. It was also presented as a step toward advancing investment projects that benefit both sides.

The council arranged meetings for the delegation with senior government officials and relevant stakeholders in power, petroleum, privatisation, industries, and communications and highways, along with leading private companies. Discussions covered both government-to-government and business-to-business investment models, with a focus on priority sectors offering scope for collaboration. The release said the visit confirmed the strong economic partnership with Saudi Arabia and pointed to growing Saudi investor interest in Pakistan's varied investment landscape.

Prime Minister Shehbaz Sharif said on Tuesday that Pakistan wanted to turn its ties with Saudi Arabia into a strategic economic partnership with mutual benefits. Recalling the prince's earlier visits, he voiced hope that the current trip would build on past talks and lead to memoranda of understanding and agreements across several sectors.