The Kingdom of Saudi Arabia (KSA) and Pakistan have deepened their partnership, adding $2.8 billion in investments and signing seven new Memorandums of Understanding (MoUs) on top of the 27 MoUs finalized earlier in October.
Saudi Investment Minister Sheikh Khalid Bin Abdul Aziz Al Faleh announced this in Riyadh, accompanied by Prime Minister Shehbaz Sharif and Advisor Mohammad Bin Mazyad Al-Tuwaijri. This expanded agreement highlights Saudi Arabia’s ongoing commitment to supporting Pakistan’s growth across various key sectors.
The new $600 million investment will be focused on sectors such as healthcare and energy. This investment demonstrates a major step forward in Saudi Arabia’s role in enhancing Pakistan’s development. Among the signed agreements is an ambitious project to build an integrated medical complex in Pakistan, showcasing Saudi Arabia’s focus on improving healthcare access and quality for Pakistani citizens.
According to officials, work has already started on five of the new agreements, with plans to ramp up efforts over the coming months. These new investments are expected to contribute significantly to Pakistan’s economy, creating job opportunities, improving infrastructure, and promoting a stronger bilateral relationship.
The partnership between Saudi Arabia and Pakistan continues to grow with these new MoUs, reflecting a shared vision for economic cooperation and mutual prosperity. This expanded partnership is set to benefit both nations, strengthening their ties and promoting development in crucial areas.
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