Saudi and Pakistani Firms Launch $500 Million Joint Venture Initiative
Saudi and Pakistani private sector entities have signed an agreement to launch joint venture projects valued at up to $500 million, reflecting a renewed effort to strengthen economic and investment cooperation between the two countries.
The Pakistan Regional Economic Forum (PREF) and Saudi Bridge signed a memorandum of understanding in Riyadh earlier this month to establish the Saudi-Pakistan Bridge Initiative. The platform is designed to accelerate private sector investment flows and facilitate market entry across the region.
Under the agreement, the initiative will promote transaction-focused collaboration between investors, companies, funds, and ecosystem partners. Targeted sectors include energy, mining, logistics, food and agri-processing, healthcare, technology, industrial manufacturing, construction, sports goods, and strategic services.
PREF Chairman Haroon Sharif said the platform is already working on joint venture projects valued at $500 million. He added that some projects will expand production capacity in Pakistan, while others will involve manufacturing in Saudi Arabia, leveraging Pakistani expertise and Chinese technology.
The Saudi-Pakistan Bridge Initiative will operate as an activation platform over an initial three-year period. Planned activities include sector-specific business delegations, regulatory workshops, market entry programs, joint investment forums, and a one-stop facilitation desk to support investors from both countries.
The agreement aligns with ongoing efforts by Pakistan and Saudi Arabia to broaden economic cooperation, with a growing emphasis on private-sector-led investment and long-term commercial partnerships.
#Pakistan #SaudiArabia #Investment #JointVentures #PrivateSector #EconomicCooperation #Trade #diplomatsWorld
