Islamabad (Shehzad Paracha) Saudi companies have announced investments in Pakistan in agriculture, food, technology and energy.
According to the Saudi Embassy, ​​a delegation led by Deputy Minister of Investment Engineer Ibrahim Al Mubarak met with Pakistani authorities in Islamabad yesterday.
National Agricultural Development Company CEO Nadik Muhammad Al Hanif said that the company is on the way to becoming an integrated food company, there are suitable investment opportunities.
A high-level Saudi delegation, deeply interested in investment, has arrived in Pakistan
Wadi Halabi Company representative Abdullah Al-Khadiri said the company will invest one billion dollars in the future through a possible deal. This investment will create job opportunities.
Ahmed Al-Otaibi, representative of Al-Asis Holding Group, explained that the volume of projects in terms of research projects and related operations may exceed 1 million Saudi Riyals, this deal will provide many job opportunities.
In a few months, there will be progress towards Saudi investment in Pakistan, Saudi Foreign Minister
Mohammad Al-Hajji, CEO of Engineering Dimension of Technology Company, said that there are plans to set up a power generation center and an electric motor factory in Pakistan.
BCI CEO Alaa Al Sheikh said that Pakistan is favorable for investment, the volume of investment is expected to reach billions of dollars.
Abdul Mohsen Fahad Al-Muzini, engineer of Haseel Agricultural Company, said that the expected volume of investment in Pakistan is between 100-120 million dollars.
The Saudi company invests 10 billion dollars in the Rekodic project
Abdul Aziz Al Mahous, CEO of Sara Food Industries Company, said that the expected volume of investment to establish a factory specializing in onions will reach ten million dollars, the rest will be imported.
