Saudi Arabia Boosts Investment in Pakistan to $2.8 Billion
Saudi Arabia enhances its partnership with Pakistan, committing $2.8 billion in new investments and signing seven additional MoUs, including a $600 million project focused on healthcare and energy, aiming to bolster Pakistan's economy and strengthen bilateral ties.
The Kingdom of Saudi Arabia (KSA) has strengthened its partnership with Pakistan, adding $2.8 billion in investments and signing seven additional Memorandums of Understanding (MoUs) on top of the 27 finalized earlier in October.
Announced by Saudi Investment Minister Sheikh Khalid Bin Abdul Aziz Al Faleh in Riyadh, with Prime Minister Shehbaz Sharif and Advisor Mohammad Bin Mazyad Al-Tuwaijri, this expanded agreement highlights Saudi Arabia’s enduring commitment to Pakistan’s progress across various sectors.
A significant $600 million investment will target healthcare and energy, marking a pivotal role for Saudi Arabia in advancing Pakistan’s development. Among the new agreements is a project for an integrated medical complex in Pakistan, demonstrating Saudi Arabia’s focus on enhancing healthcare quality for Pakistani citizens.
Officials confirm that work has commenced on five of these agreements, with efforts to accelerate in the months ahead. These new investments are anticipated to significantly bolster Pakistan’s economy by creating job opportunities, improving infrastructure, and reinforcing the bilateral relationship.
The strengthened partnership reflects a mutual vision for economic cooperation and shared prosperity, benefiting both nations by deepening their ties and fostering growth in vital areas.
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