Saudi Firm Kayan Shows Interest in $200 Million Projects in Pakistan
Islamabad : Federal Minister for the Board of Investment Qaiser Ahmed Sheikh held an important meeting with a delegation of Saudi Arabia’s Kayan Group, during which both sides agreed to further strengthen the longstanding brotherly relations between Pakistan and Saudi Arabia through enhanced economic cooperation.
The Kayan delegation is currently visiting Pakistan to participate in the “Indus AI Week” organized by the Ministry of Information Technology. During the meeting, the federal minister highlighted Pakistan’s vast investment potential in key sectors including energy, mining, information technology, agriculture, and livestock.
Qaiser Ahmed Sheikh said that the Saudi company Kayan had expressed interest in investment projects worth approximately $200 million across multiple sectors in Pakistan. He emphasized that Pakistan, with a population of 250 million, represents a large and attractive market for foreign investors.
The minister noted that there are extensive opportunities for joint ventures between Pakistani and Saudi companies, adding that Pakistan’s strategic geographic location provides access to landlocked Central Asian states, further enhancing its regional trade and investment value.
He informed the delegation that under the leadership of Prime Minister Shehbaz Sharif, the government is implementing comprehensive regulatory reforms aimed at promoting investment. He added that Special Economic Zones are offering incentives including income tax exemptions and concessions on import duties.
Qaiser Ahmed Sheikh reaffirmed that the Board of Investment remains fully committed to providing facilitation, guidance, and support to investors to ensure a conducive and business-friendly environment in Pakistan.
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