Saudi Arabia Expands Investment in Pakistan to $2.8 Billion with Prime Minister’s Efforts

Saudi Arabia has announced an increase in its investment in Pakistan, boosting the figure from $2.2 billion to $2.8 billion. This decision was made during Prime Minister Shahbaz Sharif’s official visit to Saudi Arabia, where both nations discussed furthering economic cooperation. The announcement was made in a joint press conference in Riyadh, where Prime Minister Sharif and Saudi Investment Minister Khalid bin Abdulaziz expressed their mutual enthusiasm for the strengthened partnership.

The additional $600 million investment builds upon the 27 Memorandums of Understanding (MoUs) signed during a previous Saudi delegation’s visit to Pakistan in October 2024. Saudi Investment Minister Khalid bin Abdulaziz noted that the initial agreements were just the beginning, with more projects already under active implementation.

Prime Minister Sharif expressed gratitude for Saudi Arabia’s unwavering support, emphasizing the importance of this collaboration for Pakistan’s economic growth. He acknowledged the Saudi Crown Prince’s visionary initiatives, such as the Future Investment Initiative, which align closely with Pakistan’s developmental goals.