ISLAMABAD: A high-level Saudi delegation will arrive Pakistan tomorrow (Thursday) and sign agreements worth $2 billion with the federal government.
Saudi Arabia’s Minister of Investment Khalid Al-Falih will arrive in Pakistan on a two-day visit — October 10-11 — ahead of the Shanghai Cooperation Organisation (SCO) summit, which is also taking place in Islamabad later this month.
Officials have informed Geo News that the top minister will oversee the signing of several memorandums of understanding (MOUs) and also hold business-to-business meetings.
Saudi companies of construction, engineering, financial services, IT, hospitality, agriculture, food, energy, and petroleum are part of the visiting delegation.
The Saudi investment minister will address a business forum at a local hotel in Islamabad as well as hold talks with senior leadership of Pakistan’s private sector.
A day earlier, Prime Minister Shehbaz Sharif said that “Pakistan is expected to sign agreements and MoUs worth $2 billion with Saudi Arabia” in various sectors during the upcoming visit.
