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Saudi investors interested in investing in several sectors of Pakistan: Envoy

ISLAMABAD, Pakistan: The Kingdom of Saudi Arabia’s Ambassador to Pakistan H.E. Nawaf bin Said Al-Malki met the Minister of State & Chairman Board of Investment (BOI) Muhammad Azfar Ahsan in Islamabad on Thursday.

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Both sides shed light on the cordial relations between Pakistan and Saudi Arabia, and deliberated on ways to further enhance and promote bilateral relations.

The Chairman BOI briefed the ambassador about the lucrative investment opportunities available in Pakistan with special mention of incentivized priority sectors.

Azfar Ahsan stressed that the Board of Investment under the leadership of Prime Minister Imran Khan is committed to facilitate and encourage investment in the Country.

Azfar Ahsan expounded that Pakistan has ample untapped opportunities waiting to be explored in various sectors of the economy. He added that Pak-Saudi relations are moving in an upward trajectory and Pakistan is really looking forward to facilitate Saudi investors in the Country.

The Saudi ambassador agreed with the Chairman about Pakistan’s massive investment potential.

Highlighting the recent positive developments in Pak-Saudi bilateral relations, the ambassador said that he was confident about substantial economic cooperation between KSA and Pakistan in coming future.

The ambassador underscored that there is room for collaboration between the two Countries in areas of trade and investment. He shared that Saudi investors are taking keen interest in investing in several sectors of Pakistan including energy & petroleum, technology, infrastructure etc.

The Chairman BOI apprised the Saudi ambassador on an upcoming investors’ meet-up being organized by the BOI and requested the ambassador for participation from the Saudi side.

H.E. Nawaf bin Said Al-Malki warmly accepted the invitation and assured of maximum assistance from his side. He also mentioned that a group of Saudi investors will soon visit the Board of Investment to formally discuss project proposals and to take this meeting to the next level.

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