Saudi delegation explores $200m investments

Federal Minister for the Board of Investment (BOI) Qaiser Ahmed Sheikh welcomed a delegation from Kyan, Saudi Arabia, during its visit to Pakistan. The delegation participated in the “Indus AI Week” organised by the Ministry of Information Technology and Telecommunication.

The federal minister highlighted the longstanding brotherly relations between Pakistan and Saudi Arabia and emphasised the importance of further strengthening economic and investment cooperation between the two countries. The Kyan delegation expressed keen interest in exploring investment opportunities, particularly in the sectors of energy, mining, IT, agriculture and livestock. It shared proposals for various potential projects with an estimated minimum investment of $200 million for each project and also conveyed the interest in bringing additional Saudi investors to Pakistan.

Qaiser Ahmed, who comes from a business background, stated that he fully understands investors’ perspectives and requirements. He emphasised that Pakistan offers immense opportunities for joint ventures and strategic partnerships.

With a population of over 250 million, Pakistan represents a large and dynamic market. He also underscored Pakistan’s strategic geographic location, which provides access to landlocked Central Asian states, making it an attractive hub for regional trade and investment.