Saudi firm eyes $200m investments in Pakistan

Federal Minister for the Board of Investment (BOI) Qaiser Ahmed Sheikh met a delegation from Saudi Arabia-based Kyan during its visit to Pakistan to participate in the “Indus AI Week” organised by the Ministry of Information Technology and Telecommunication.

During the meeting, the minister highlighted the longstanding bilateral ties between Pakistan and Saudi Arabia and emphasised the need to enhance economic and investment cooperation. He said Pakistan offers significant opportunities for foreign investors across multiple sectors.

According to officials, the Kyan delegation expressed interest in exploring investment opportunities in energy, mining, information technology, agriculture and livestock. 

The delegation shared proposals for potential projects with an estimated minimum investment of $200 million per project and indicated its intention to facilitate additional Saudi investors’ entry into the Pakistani market.

The minister noted that Pakistan’s population of over 250 million presents a substantial consumer base, while its geographic location provides connectivity to landlocked Central Asian states, positioning the country as a potential regional trade and investment hub.

He reiterated the government’s commitment to facilitating joint ventures and strategic partnerships aimed at promoting foreign direct investment and economic growth.