ISLAMABAD: Saudi Arabia’s Prince Fahad bin Mansour on Sunday announced his software company, ILSA Interactive, plans to create over 1,000 jobs and undertake 300 projects with a total project value of $100 million in the next five years in Pakistan, Saudi Arabia and other countries. 

Prince Fahad is the co-founder of ILSA Interactive, which was first established in 2009 by Pakistani entrepreneur Salman Nasir, with offices in Riyadh and Lahore. The prince’s remarks came at the closing ceremony of Pakistan’s largest tech conference, Future Fest 2023, which was held for three days last week. 

Future Fest 2023 saw leading entrepreneurs, startups, policymakers and investors partake from several countries around the world. A delegation of Saudi business leaders also attended the event and took part in keynote addresses, roundtable conferences and discussions on wide-ranging topics from the future business landscape to startups and their success. 

Prince Fahad had also announced a plan to set up a Saudi-Pakistan Tech House “to promote greater ease of doing business” between the two countries on the eve of the conference last week. The Tech House, he had said, would have its headquarters in Riyadh while its first branch would operate in Lahore. 

“For the next five years, we are looking forward to creating more than 1,000 jobs in Pakistan, Saudi Arabia and globally,” Prince Fahad said. “We are expecting to have more than 300 projects, with a minimum total project value of $100 million,” he added. 

Prince Fahad said his company had “ambitious, strategic plans” according to which it plans to forge partnerships with Pakistan’s IT companies, universities and enterprises. 

He credited Saudi Arabia’s Crown Prince Mohammed bin Salman for his Vision 2030 project, adding that it is being realized today in the public sector’s operating model, economy, and society as a whole. 

“The vision of HRH Crown Prince opened Saudi Arabia to the world, built and launched platforms for future growth, and significantly improved citizens’ quality of life,” Prince Fahad added.