Pakistan and Saudi Arabia have signed multiple agreements aimed at expanding investment and infrastructure development. The accords cover ports, motorways, real estate, and mineral sector projects. The agreements are expected to strengthen bilateral economic ties and attract fresh foreign investment into Pakistan.
The agreements were finalized during a meeting of the Pakistan-Saudi Joint Business Council hosted by the Special Investment Facilitation Council and the Joint Business Council. Former caretaker minister Gohar Ejaz and Pakistan-Saudi Joint Business Council Chairman Fawad Mukhtar co-chaired the session. Senior government officials and Saudi business leaders also attended the meeting.
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According to official sources, one of the key agreements involves the construction of the Karachi-Hyderabad Motorway. The project is expected to improve regional connectivity and support economic activity along one of the country’s busiest transport corridors. Additional agreements were reached for the development and modernization of ports and transport infrastructure.
The two sides also signed accords covering real estate development and the mineral sector. Saudi delegation leader and Saudi-Pak Business Council Chairman Prince Mansour bin Mohammed Al Saud signed the agreements on behalf of the Saudi side. Federal ministers Musadik Malik and Ali Pervaiz Malik, along with Adviser on Privatization Muhammad Ali, participated in the discussions.
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During the meeting, Saudi investors received briefings on opportunities in Pakistan’s power, petroleum, mining, transmission line, and smart metering sectors. Business-to-business and government-level meetings were also held to explore future partnerships. Officials said the agreements reflect growing economic cooperation between Islamabad and Riyadh and could pave the way for further Saudi investment in key sectors of Pakistan’s economy.