Pakistan and Saudi Arabia Forge Stronger Ties at Investment Summit in Jeddah

The Consul General of Pakistan in Saudi Arabia, Khalid Majid, has lauded the enduring bond between Pakistan and Saudi Arabia, emphasizing recent strides in economic collaboration. Speaking at the inaugural session of the 2nd Investment Opportunities Summit and Smart Expo, Majid expressed confidence in the event’s potential to further strengthen bilateral ties.

Organized by the Pakistan Association of Exhibition Industry, the summit attracted a diverse audience of Saudi and Pakistani business leaders. Exhibitors showcased innovations in medical tourism, education, real estate, and the hospitality industry, offering a glimpse into Pakistan’s growing economic potential.

With 2.7 million Pakistanis living in Saudi Arabia, the consul general described the community as a cornerstone of the partnership. Over the past five years, 1.7 million Pakistanis have migrated to the Kingdom, solidifying its position as the top destination for Pakistani workers.

“Saudi Arabia is home to one of the largest Pakistani expatriate communities, whose contributions are a key driver of our economic relationship,” said Khalid Majid.

A highlight of the summit was the announcement of the newly established Pakistan Investor Forum in Jeddah. The forum aims to facilitate investment by Pakistani entrepreneurs and enhance partnerships with Saudi businesses.

Majid pointed to a 22% growth in Pakistani exports to Saudi Arabia as evidence of thriving trade relations. He attributed the increase to concerted efforts by business leaders and a strategic focus on expanding Pakistan’s presence in the Saudi market.

The consul general also spotlighted the recent visit of a 130-member Saudi business delegation to Islamabad, during which 27 Memorandums of Understanding (MOUs) were signed across various industries. He described the visit as a testament to the growing mutual interest and trust between the two nations.

Highlighting Pakistan’s Special Investment Facilitation Council (SIFC), Majid reassured investors of the country’s commitment to creating a secure and transparent environment. “Saudi investors are a priority, and the SIFC is dedicated to ensuring their success,” he said.

The consul general concluded by emphasizing that initiatives like the summit and the SIFC signal a promising future for Pakistan-Saudi relations, with economic collaboration at the heart of their shared vision.