Search

PM Shehbaz Sharif Meets Saudi Business Delegation to Expand Investment and Economic Cooperation

Islamabad:A high-level Saudi business delegation led by Prince Mansour bin Mohammad Al Saud, Chairman of the Saudi-Pak Joint Business Council, called on Prime Minister Muhammad Shehbaz Sharif at the Prime Minister's House on Monday.

During the meeting, the Prime Minister conveyed his respectful regards to Saudi King Salman bin Abdulaziz Al Saud and Crown Prince and Prime Minister Mohammed bin Salman.

The Prime Minister highlighted the longstanding brotherly relations between Pakistan and Saudi Arabia and discussed avenues for expanding economic cooperation and investment between the two countries.

Welcoming the Saudi delegation, Prime Minister Shehbaz Sharif said Pakistan, in line with the vision of Crown Prince Mohammed bin Salman, was keen to transform its economic relationship with Saudi Arabia into a mutually beneficial strategic economic partnership.

He recalled Prince Mansour's earlier visits to Pakistan and expressed hope that the current visit would build on previous discussions and lead to the signing of MoUs and agreements in multiple sectors.

The Saudi delegation expressed interest in investment opportunities in agriculture, ports, highways, airport outsourcing, real estate, energy, power distribution and information technology.

The Prime Minister welcomed Saudi interest in these priority sectors and said this was an opportune time to strengthen joint collaboration through both government-to-government and business-to-business cooperation.

Prince Mansour thanked the Prime Minister for the warm reception and reaffirmed the Saudi government's and business community's continued interest in strengthening business-to-business engagement with Pakistan.

The Saudi delegation is scheduled to meet senior government representatives and private-sector stakeholders during its stay in Pakistan.

Federal ministers, advisers, the Minister of State, Special Assistant to the Prime Minister and senior government officials also attended the meeting.