RIYADH: Pakistan and Saudi Arabia have finalized multiple investment agreements aimed at expanding economic cooperation, with deals covering infrastructure, energy, mining and real estate sectors.
The development emerged during the two-day Pakistan-Saudi Joint Business Council meeting, where officials and business leaders from both countries held government-level and business-to-business engagements.
According to officials, agreements were reached on the development and construction of ports and motorways, while both sides also agreed to move forward on the Hyderabad-Karachi motorway project. Additional understandings were reached in sectors including mining, real estate, power transmission, smart metering, petroleum and energy infrastructure.
The agreements were signed in the presence of Gohar Ejaz, while the Saudi delegation was led by Prince Mansour bin Saud.
The meeting was jointly chaired by Gohar Ejaz and Fawad Mukhtar, while federal ministers Musadik Malik, Ali Pervaiz Malik and privatization adviser Muhammad Ali also attended.
Gohar Ejaz said Saudi investors were showing strong interest in Pakistan and that practical measures were being taken to boost bilateral investment. He added that foreign investors were being offered incentives and attractive returns in multiple sectors.
