Saudi companies have announced an investment in Pakistan in the agriculture, food, technology, and energy sectors.
Saudi Companies Announced:
According to the Saudi Embassy, a delegation led by Assistant Minister of Investment Engineer Ibrahim Al Mubarak met with the Pakistani authorities in Islamabad yesterday.
Nadak Muhammad Al Hanif, Executive Director of National Agricultural Development Company, said that the company is on its way to becoming an integrated food company, and there are suitable investment opportunities.
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Wadi Halabi Company representative Abdullah Al-Khadiri said that the company will invest one billion dollars in the future through a possible agreement. This investment will create employment opportunities.
Ahmed Al-Otaibi, representative of Al-Asis Holding Group, explained that the volume of research projects and related operations may exceed 1 million Saudi Riyals, and this agreement will provide many employment opportunities.
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Mohammad Al-Hajji, CEO of Engineering Dimension of Technology Company, said that there are plans to set up an energy production headquarters and a factory for electric motors in Pakistan.
BCI CEO Alaa Al Sheikh said that Pakistan is favorable for investment, and the volume of investment is expected to reach billions of dollars.
Abdul Mohsin Fahad Al-Muzini, engineer of Haseel Agricultural Company, said that the expected investment volume in Pakistan is between 100-120 million dollars.
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Abdul Aziz Al Mahous, CEO of Sara Food Industries Company, said that the expected investment volume of setting up a factory specializing in onions will reach ten million dollars, while the rest will be imported.