Sindh and Saudi Arabia Aim to Boost Economic Ties

Sindh Chief Minister Syed Murad Ali Shah and Prince Mansoor bin Mohammad Al Saud, who chairs the Saudi-Pakistan Joint Business Council, convened on Thursday to reach an understanding on strengthening economic cooperation between Sindh and Saudi Arabia. This agreement is anticipated to unlock multi-billion-dollar investments across vital sectors.

The Chief Minister received Prince Mansoor and his delegation of 30 business leaders at CM House. Discussions revolved around opportunities in commerce, energy, infrastructure development, farming, and travel industries.

According to a statement from the Chief Minister’s Office, the meeting signifies substantial progress in enhancing relations and pursuing mutual financial aims aligned with Saudi Vision 2030.

Commitment to Collaboration

During the assembly, CM Murad affirmed his government’s dedication to promoting sustained collaboration, underscoring Sindh’s Public-Private Partnership (PPP) model as an effective structure for attracting foreign capital.

He noted that Sindh possesses a $5 billion portfolio of projects ready for investment, showcasing the province’s capability to stimulate Pakistan’s financial advancement.

“We encourage our Saudi counterparts to collaborate with us in Sindh’s growth,” CM Shah remarked, adding that his administration is simplifying investment processes, digitizing land records, and providing thorough support for investors.

Saudi Interest in Sindh’s Potential

Prince Mansoor acknowledged Sindh’s investment potential and announced the establishment of specialized sub-committees to concentrate on investment prospects in mutually beneficial domains.

He mentioned that Saudi financiers view Pakistan as a “portal for commerce within the region” and recognize its significance in the tourism sector, infrastructure projects, and privatization efforts.

“Our business council has a history of robust partnership,” he stated. “We are present with investors representing various key sectors, prepared to investigate prospects. Pakistan’s current privatization process offers a significant avenue for Saudi investors.”

Showcasing Sindh’s Strengths

A comprehensive presentation during the meeting underscored Sindh’s economic advantages, spotlighting prospects in energy, water resource management, technology innovations, logistical solutions, and ecological tourism.

Notable ventures presented encompassed the Sindh Engro Coal Mining Company, Sino Sindh Resources Limited (Thar Block-I), Nabisar–Vajihar Water Supply Project, NED Technology Park, as well as the Hawks Bay and Keenjhar Lake Resorts.

The Saudi representatives commended Sindh’s PPP achievements and existing collaborations with international bodies, including the World Bank, ADB, Shanghai Electric, Engro, and McKinsey, identifying them as signs of a secure, investor-friendly atmosphere.

Both parties decided to create joint working groups in prioritized sectors to guarantee concentrated and lasting advancement toward shared objectives.

The meeting ended with both sides confirming their determination to boost economic and trade links between Pakistan and Saudi Arabia, harmonizing their collective vision for sustainable development, innovation, and shared regional success.