Islamabad (TDI): Saudi Arabia’s Minister of Investment, Khalid Bin Abdul Aziz Al-Falih, will lead a high-level delegation to Pakistan from October 9-11, 2024.
The visit will bolster economic cooperation between Saudi Arabia and Pakistan and enhance bilateral trade, investment, and business ties.
During his visit, Minister Al-Faliha will hold meetings with Pakistan’s top leadership, including Prime Minister Shehbaz Sharif and President Asif Ali Zardari.
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The Saudi delegation will also engage with key Pakistani government officials, private sector representatives, and various business groups to explore opportunities for collaboration across multiple sectors.
The visit marks another milestone in the long-standing relationship between the two countries, particularly in the areas of investment and trade.
Saudi Arabia and Pakistan have shared a strong bilateral relationship for decades, and this visit further signifies Saudi Arabia’s growing interest in Pakistan’s economic development.
The Saudi delegation will be discussing potential projects in the fields of energy, infrastructure, agriculture, and technology.
The discussion will also focus on new investment opportunities under Saudi Arabia’s Vision 2030 framework. This aims to diversify the Kingdom’s economy beyond oil and create a broader platform for international partnerships.
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Minister Al-Faliha’s visit follows the recent increase in Saudi investments in Pakistan, particularly in the energy and infrastructure sectors. Both countries have expressed their desire to further deepen these ties and work closely on mutually beneficial projects.
The visit is expected to pave the way for new initiatives that will foster stronger economic integration between the two nations.
The Saudi delegation will also meet with representatives from the Pakistan Business Council, key industry leaders, and various chambers of commerce.
These engagements are aimed at facilitating direct dialogue between the private sectors of both countries and promoting joint ventures in a wide array of industries.
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The Saudi Investment Ministry expressed optimism regarding the visit, noting that it will build on existing partnerships and generate new opportunities for both Saudi and Pakistani businesses.
