A high-profile Saudi Arabian business delegation, led by Prince Mansour bin Mohammed Al Saud, will visit Pakistan this week to explore investment opportunities across multiple sectors.
The visit comes shortly after the signing of a historic strategic mutual defence agreement between Pakistan and Saudi Arabia — an accord that has further deepened bilateral relations between the two nations.
Investment worth up to $1bln expected
According to reports, the Saudi delegation is expected to announce an initial investment of up to $1 billion in Pakistan. The focus areas include technology, sports equipment, food, agriculture, and defense production.
The delegation is also said to be assessing potential investments in government institutions, petrochemical plants, and the Reko Diq project.
Sources added that Saudi investment may depend on Pakistan’s ongoing economic reforms, particularly those aimed at improving transparency and easing restrictions on profit repatriation for foreign investors.
Strengthened ties after Shehbaz-MBS huddle
The development follows Prime Minister Shehbaz Sharif’s visit to Riyadh on September 17, where he met Crown Prince Mohammed bin Salman at the Yamama Palace. Both leaders reaffirmed their commitment to strengthening economic, strategic, and Islamic ties.
During the visit, Shehbaz was welcomed with a guard of honour, and his plane was escorted by Saudi Air Force F-15 jets as it entered Saudi airspace — a gesture symbolizing the growing goodwill between the two nations.
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Pakistan’s Foreign Office described the visit as a “step towards consolidating historic partnerships” and said both countries were exploring new avenues of collaboration, especially in energy and infrastructure development.
Historic mutual defence pact
The visit also follows the recent mutual defence agreement between Pakistan and Saudi Arabia, under which both nations have pledged joint protection of the Two Holy Mosques.
The agreement, described as a milestone in bilateral defence cooperation, ensures that any external attack on either country will be treated as an attack on both, enhancing regional security coordination.
Army Chief General Syed Asim Munir played a pivotal role in securing the deal, which aims to integrate defence capabilities and ensure stability in the face of emerging threats.
