Saudi trade delegation arrives tomorrow

ISLAMABAD: A 50-member high-level business delegation from the Kingdom of Saudi Arabia (KSA) is due in Pakistan tomorrow (Sunday) to explore investment opportunities in different sectors as well as to forge strong bonds with local entrepreneurs.

Some 30 Saudi companies representing different economic sectors, including information technology, telecoms, energy, aviation, construction, mining exploration, agriculture and human resource development would be part of the delegation.

The Assistant Minister of Investment would lead the delegation.

“According to the plan they will meet with business community, CPEC related officials and two ministers on Monday at Serena hotel between 4 to 6 pm,” the Saudi embassy said in a statement.

“Delegation will visit Lahore on Tuesday and will meet the chamber of commerce at 12 p.m. and to Punjab board of investment at 3.30 pm. Delegation will visit Faisalabad on Friday and Karachi on Saturday.”

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The ministry of commerce has selected a large number of Pakistani companies in the respective sectors whose officials would have business-to-business meetings with their Saudi counterparts, and are likely to enter into business and investment deals.

The business delegation would also participate in the Pak-Saudi Investment Conference.

The delegation’s arrival in Pakistan is followed by Prime Minister Shehbaz Sharif’s visit to Saudi Arabia to attend the World Economic Forum’s Special Meeting on Global Collaboration, Growth and Energy.