Saudi Arabia to Invest $2 Billion in Pakistan as Investment Framework Finalized

Saudi Arabia and Pakistan are on the verge of signing $2 billion worth of investment agreements, with expectations of a total investment exceeding $5 billion by 2027. The agreements cover various sectors such as agriculture, information technology, construction materials, petroleum, and the power sector.

Sources indicate that nearly 40 companies from both the government and private sectors will be part of a delegation arriving in Pakistan. The first phase will see approximately $1 billion of private-sector investment. Saudi Arabia’s private sector is set to play a significant role in these investments, with local representatives being stationed in Pakistan to facilitate the process.

Additionally, the Saudi delegation will discuss investment opportunities in food security, meat and rice exports, mining, oil refineries, and railway projects. The regulatory approvals have already been granted, and progress on NOCs will be reviewed.

The Saudi official delegation, under the Saudi Fund for Development, will engage in further discussions on development projects, while meetings between Saudi and Pakistani officials are scheduled to take place.