Saudi team explores investment avenues

Visit, led by Prince Saud, marks milestone in investment-led development strategy; will visit Karachi and Lahore

ISLAMABAD:

A high-level Saudi trade delegation, led by Prince Mansour bin Mohammed Al Saud, participated in the Saudi-Pakistan Joint Business Council Meeting held in Islamabad on Wednesday. As per an official statement, the meeting was organised under the Saudi-Pakistan Joint Business Council, with support from the Special Investment Facilitation Council (SIFC) and the Ministry of Commerce, according to an official statement issued on Wednesday.

The Saudi delegation included prominent business figures representing minerals, energy, agriculture and livestock, construction, infrastructure, tourism, and real estate. Leading Pakistani entrepreneurs and private-sector representatives also joined, reflecting mutual resolve to expand bilateral trade and investment ties.

During the session, Pakistani ministers, senior officials, and industry leaders briefed the Saudi side on Pakistan's evolving investment climate. They highlighted reforms undertaken to create a predictable, transparent, and investor-friendly environment, while presenting opportunities in SIFC's priority sectors.

The Joint Business Council serves as a structured platform to promote joint ventures, partnerships, and private-sector collaboration for sustainable economic linkages between the two countries.

Prince Saud praised Pakistan's efforts to strengthen its investment ecosystem and reaffirmed the Kingdom's commitment to long-term engagement aligned with Saudi Vision 2030. He said Pakistan was an important regional partner with promising prospects in agriculture, mining, energy, technology, tourism, and real estate.

The SIFC and the Ministry of Commerce also arranged a dedicated briefing session for the delegation, outlining Pakistan's investment facilitation framework and regulatory reforms. It focused on opportunities across energy, minerals, agriculture, tourism, real estate, and information technology.

The delegation will visit Karachi and Lahore to meet provincial governments and business groups for exploring joint ventures and public–private partnerships.

The visit marks a milestone in advancing Saudi Vision 2030 and Pakistan's investment-led development strategy, reaffirming both nations' commitment to deepening economic cooperation and regional prosperity.