KARACHI: Saudi Arabia has signalled its intent to invest in the maritime sector of Pakistan, including the strategically important Gwadar Port, following a high-level online engagement.
Minister for Maritime Affairs Junaid Anwar Chaudhry chaired an online meeting with the Pakistan-Saudi Joint Business Council, briefing Saudi companies on investment opportunities in maritime sector.
The minister invited Saudi investors to partner in expanding the fleet of the Pakistan National Shipping Corporation, highlighting strong commercial potential across multiple maritime segments.
Junaid Anwar Chaudhry stated that the maritime sector offers attractive opportunities for Saudi investors in ports, logistics, and the blue economy, with significant capacity available.
He noted that Saudi Vision 2030 and Pakistan’s development priorities share broad alignment, creating strong prospects for bilateral cooperation across key maritime and economic projects.
The minister confirmed that discussions covered investment in all major ports, including Gwadar, with the Maritime Business District at Karachi Port identified as an immediate investment opportunity.
A proposal for establishing a multipurpose cargo terminal at Port Qasim was also presented to Saudi investors, with the project described as commercially viable and strategically positioned.
The Energy City project was highlighted as a particularly profitable opportunity for Saudi investors, given the strong alignment between energy sector goals of both countries.
Pakistan also extended a formal offer to establish an Aqua Research Park at Korangi Fish Harbour, aimed at attracting Saudi investment into the blue economy and fisheries development.
