The Saudi delegation’s head stated that they saw “Pakistan as a high priority economic, investment and business opportunity” as the two-day investment conference between Pakistan and Saudi Arabia got underway on a positive note.
Under the direction of Ibrahim Almubarak, Saudi Arabia’s Deputy Investment Minister, a 50-person high-level trade delegation is in Islamabad seeking potential trade and investment opportunities.
The goal of the conference is to develop a new age of progress and prosperity for the people of both nations, as well as to stimulate bilateral commerce and investment, in light of decisions made during discussions between Saudi Crown Prince Mohammed Bin Salman and Prime Minister Shehbaz Sharif.
In his speech, Ibrahim Almubarak noted that Pakistan is “very suitable for investment” in Saudi Arabian firms and that the delegation’s visit will present possibilities to deepen commercial connections between the two nations.
“Our visit to Pakistan is a continuation of the previous visit […] Saudi government and companies are giving preference to Pakistan for investment,” the high-ranking official stated.
The dignitary emphasized that a significant portion of Pakistanis are actively involved in the Kingdom’s growth and stated that Saudi investors are keen to make investments in Pakistan across a range of industries.
Finance Minister of Pakistan Muhammad Aurangzeb had earlier stated at the moot’s opening session that the government was committed to fully assisting the private sector in moving the nation toward export-led growth.
According to him, the government is concentrating on attracting FDI to support a number of industries.
The finance czar emphasized that the government’s role is to set the policy framework and that the private sector should take the lead, with ministers and bureaucrats following suit.