ISLAMABAD: The Saudi Arabia has pledged to invest $7 billion in various sectors in Pakistan, High level Saudi delegation led by foreign minister scheduled to visit on April 16, 17
The announcement comes ahead of a high-level visit by a Saudi delegation, led by Foreign Minister Prince Faisal bin Farhan, scheduled for April 16 and 17. The delegation comprises ministers from key sectors including investment, water and agriculture, environment, industry, mineral resources, and energy, among others. Additionally, the secretary general of the Saudi-Pak Supreme Coordination Council and Saudi investors will accompany the delegation.
Preparations are underway to welcome the Saudi delegation, with expectations high for the signing of several agreements and memorandum of understanding during their visit.
These agreements are expected to cover a wide range of sectors, indicating the depth and breadth of Saudi Arabia’s commitment to Pakistan’s economic development.
Government sources have expressed optimism about the visit, highlighting its potential to enhance Pakistan’s economic landscape. The investment of $7 billion is anticipated to have far-reaching implications, not only for Pakistan’s economy but also for attracting further foreign investment.
