Pakistan says high-powered Saudi delegation in Islamabad to sign investment and business deals
ISLAMABAD: A high-level Saudi delegation arrived in Pakistan on Tuesday to sign multiple business and investment agreements with local companies, confirmed the Foreign Office and the Special Investment Facilitation Council (SIFC) in Islamabad, following last month’s landmark defense agreement signed by the two countries.
The delegation is expected to sign various agreements and memorandums of understanding (MoUs) at both the government-to-government (G2G) and business-to-business (B2B) levels.
A similar visit by representatives of Saudi companies from the agricultural, mining, tourism, industry, and manpower sectors last October resulted in 34 MoUs worth $2.8 billion between the two sides.
The Foreign Office of Pakistan said in a statement that the Saudi delegation was led by Prince Mansour bin Mohammad Al Saud, the chairman of the Saudi-Pakistan Joint Business Council.
