Islamabad (TDI): Federal Minister for Commerce, Jamal Kamal Khan said Thursday said that Pakistan is resolute to further enhance trade and business ties with Saudi Arabia.
Addressing the Pakistan-Saudi Arab Business Forum here, the federal minister said, Vision 2030 aims to diversify Saudi Arabia’s economy, expanding into sectors such as tourism, renewable energy, technology, infrastructure, and more.
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He said Pakistani companies were well-positioned to contribute to and benefit from Saudi Arabia’s Vision 2030, a transformative agenda, leveraging opportunities in construction, IT services, skilled labor, and agriculture.
He praised Saudi Arabia’s visionary leadership in fostering cooperation, particularly through Crown Prince Mohammed bin Salman’s ambitious Vision 2030.
With strategic promotional efforts, targeted outreach, and improved market access, Pakistan can significantly expand its footprint in the Saudi market, he said.
Kamal said, the Ministry of Commerce is planning to organize an exhibition in Jeddah in February next year, and this will provide opportunity to Pakistani businesses to engage with Saudi Arabia’s leading brands and importers.
Jam Kamal Khan welcomed the Saudi Minister for Investment, Sheikh Khalid Bin Abdul Aziz Al Faleh and his delegation to Pakistan, highlighting the potential for enhanced trade and investment between the two nations.
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Highlighting exports and imports with Saudi Arabia, he said the Ministry of Commerce has developed a comprehensive business plan to boost bilateral trade, outlining trade-specific targets to be monitored quarterly, biannually, and annually.
On Export to Saudi Arabia, he said that pharmaceuticals, construction materials, surgical instruments, sports, and engineering, offer enormous growth opportunities for future.
He invited Saudi delegates to attend the upcoming Texpo on textiles in Karachi and the auto market industry Expo to be held this month.
As Pakistan and Saudi Arabia continue to collaborate, the potential for enhanced trade, investment, and economic cooperation is poised to unlock new opportunities for both nations, he added.
