Saudi Arabia to invest in Pakistan

Saudi Arabia to invest in Pakistan

A delegation from Saudi Arabia, led by Deputy Minister for Mining, Industries, and Minerals Khaled bin Saleh Al-Mudaifer, met with Prime Minister Shehbaz Sharif in Islamabad.

The Saudi minister praised the pro-investor measures taken by the present government, including the establishment of the Special Investment Facilitation Council.

Read more | Saudi Arabia becoming Global Gaming Hub

In response, Prime Minister Shehbaz Sharif emphasized that Pakistan provides ample investment potential, especially in the mining sector.

He assured the delegation that both the upcoming interim government and the subsequent elected government would continue to facilitate investors.

The meeting took place after Pakistan organized its first summit on minerals in Islamabad.

The event attracted foreign investors, diplomats, and other notable figures. The summit was organized by the Special Investment Facilitation Council, established in June to attract foreign investments.

During the summit, Prime Minister Sharif emphasized the importance of learning from past experiences and following the examples of Middle Eastern states that have built strong economies by tapping into their mineral resources, similar to Saudi Arabia and the UAE’s success with oil and gas resources.

Pakistan Mineral’s Summit

Additionally, in a follow-up tweet after the ‘Pakistan Minerals Summit,’ Prime Minister Shehbaz Sharif highlighted the increased significance of mineral resources in national economies due to advancements in renewable energy technologies.

Read more | CPEC in second phase

The summit underscored the need for setting new target areas, improving exploration strategies, and devising new methodologies for mineral extraction.

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