Saudi business delegation explores investment opportunities across key sectors at SIFC

Profit reported that a Saudi business delegation headed by Prince Mansour bin Mohammad Al Saud, chairman of the Saudi-Pakistan Joint Business Council, visited the Special Investment Facilitation Council (SIFC) to examine investment prospects across several parts of the economy. Officials and private-sector players joined the discussions, and the SIFC arranged sessions covering power, petroleum, privatisation, industries, communications and highways, as well as several leading domestic companies. The talks centred on government-to-government and business-to-business routes, and the SIFC said the visit showed rising appetite among Saudi investors for Pakistan.

Prime Minister Shehbaz Sharif said on Tuesday that Pakistan hopes to upgrade economic ties with Saudi Arabia into a strategic partnership from which both nations gain. During the meeting with the delegation, he voiced hope that the trip would build on earlier talks held during the prince's visits to Pakistan and result in MoUs and agreements spanning several industries.