Saudi-Pakistan Investment Forum discusses Boosting Trade and Investment Partnerships

Riyadh, Rabi I 19, 1443-October 25, 2021, SPA-- The Prime Minister of Pakistan Imran Khan attended the Saudi-Pakistan Investment Forum, along with his accompanying delegation consisting of Foreign Minister Shah Mahmood Qureshi, Finance Minister Shaukat Tarin, Energy Minister Hammad Azhar, as well as representatives of Saudi and Pakistani companies.

The Minister of Investment of of Saudi Arabia Eng. Khalid bin Abdulaziz Al-Falih, stressed at the forum the sound and strong Saudi-Pakistani relations at all levels, noting that the strategic partnership between the two countries is based on trust and a common vision for the regional and international security. He said that the two sides can enhance efforts to promote and solidify economic and investment relations, taking into account their human capital, talents, natural resources, and distinct geographical locations.

Al-Falih underlined the Kingdom's hosting of more than two million Pakistanis working in the Kingdom, as well as the existing trade and investment bonds between the two countries, adding that the forum today provides an opportunity to explore ways to deepen investment cooperation in a way that promotes the development and economic diversification for both sides.

The Minister also said that the Saudi companies participating in the forum's activities today are looking forward to exploring and expanding investment opportunities in Pakistan in the fields of energy, petrochemicals, construction, information and communication technology, finance, manufacturing, logistics, and transportation, among others.

“Investment comes at the core of the Kingdom’s ambitious 2030 vision to promote growth and economic diversification, achieve sustainability, and provide opportunities for the Saudi young men and women. Therefore, HRH, Crown Prince Mohammed bin Salman bin Abdulaziz launched recently the National Investment Strategy, to create conditions and develop the business environment to make investment attractive to local and foreign investors,” Al-Falih said.

For his part, the Pakistani Prime Minister praised the efforts made between the two leaderships to enhance joint investments, and expressed his support to Saudi companies to invest in Pakistan.

The Forum’s agenda also included several speeches by several Pakistani officials, in which they discussed the economic environment in Pakistan and the stimulation of Saudi investments to achieve more growth and prosperity as per the vision and ambitions of the two countries. Meanwhile, several leading companies in Saudi Arabia shared with the participants their investment capacity and huge potentials to invest inside and outside the Kingdom.