Saudi Arabia's Asyad Group signals fresh investment push in Pakistan through Wafi Energy

Mettis Global reported that Saudi Arabia's Asyad Group has signalled a deeper investment role in Pakistan across energy, aviation and finance. The plans came up in a meeting between Finance Minister Senator Muhammad Aurangzeb and Ghassan Ahmed Amodi, the group's chief executive who also chairs the board of Wafi Energy Pakistan Limited. Amodi described Pakistan as a key holding for the group outside Saudi Arabia and said he was pleased with the experience so far.

Wafi Energy told the minister about its growth plans, which include a wider retail network, more storage capacity and digital initiatives, alongside projects under way in Khyber Pakhtunkhwa and elsewhere. Amodi also said the group is interested in the forthcoming airport privatisation, and is seeking to assemble Saudi and global partners with relevant technical skills. He further flagged interest in Pakistan's financial sector and in bringing Saudi and Pakistani investors together for possible joint ventures.

Senator Aurangzeb pointed to better macroeconomic stability and sovereign credit indicators, and said fiscal prudence and structural changes remain government priorities. He urged private firms to translate the interest into concrete projects and assured investors of state support. On X, Khurram Schehzad, adviser to the finance minister, said the talks showed Saudi private investors are growing more confident about Pakistan's recovery.