Saudi business delegation in Pakistan to explore investment, joint ventures

Saudi investment

Saudi businessmen have all their eyes on finding trade and investment opportunities in Pakistan, they expressed their will to work together.

According to Fahad bin Mohammed Al-Bash, Chairman Saudi-Pak Business Council, Saudi businessmen are looking for opportunities to invest and trade with Pakistan. A high-level delegation of Saudi businessmen and investors, led by Al-Bash, visited the Lahore Chamber of Commerce and Industry (LCCI) to explore the avenues of joint ventures and investment opportunities in Pakistan.

The delegation members were representing the construction, infrastructure, energy, tourism and pharmaceuticals sectors, and held B2B meetings with the LCCI members. “We are looking for good joint ventures with Pakistani counterparts and hopefully this visit will be very fruitful and result-oriented, Al-Bash added.

Read more: Pakistanis to make the most of the workforce for Saudi’s futuristic NEOM city

Moreover, Al-Bash said “20% of the workforce in Saudi Arabia is from Pakistan and it wants to import more trained workers from the South Asian nation”. The delegation also pointed out that many sectors of the Saudi economy including chemical, real estate and tourism offered good opportunities to Pakistani investors.

In the meeting, LCCI President Mian Nauman Kabir, while talking to the Saudi delegation stressed that Saudi Arabia was the largest economy in the Arab world and Pakistan must find ways to further enhance its trade, investment and economic ties with the Middle Eastern nation. “We are glad to know that Saudi delegates are willing to find prospective business partners in Pakistan,” he said. “LCCI will certainly play its role in connecting with the bona fide companies.”

“Exports must be enhanced to minimise the trade deficit. I expect that this visit of Saudi delegation will add new trading avenues for Pakistan’s exports.”

He emphasized that Pakistan had trained manpower and sufficient land for industrial as well as agricultural projects. “There can be a win-win situation for both countries, if Saudi investors team up with our local industrialists and the embassy provides support in this connection.”

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