Saudi-Pakistani tech collaboration plans to create 1,000 jobs, projects worth $100m

Prince Fahad bin Mansour during the closing ceremony of Pakistan’s largest tech conference, Future Fest 2023, on Sunday. (ILSA Interactive)
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Updated 09 January 2023
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Saudi-Pakistani tech collaboration plans to create 1,000 jobs, projects worth $100m

  • Saudi Arabia’s Prince Fahad bin Mansour announced plans at Pakistan’s Future Fest 2023
  • Prince Fahad is co-founder of software company ILSA Interactive, which has offices in Riyadh and Lahore

ISLAMABAD: A Saudi-Pakistani collaboration led by ILSA Interactive has announced plans to work with various partners in the South Asian country for the next five years, with projects worth $100 million expected to create more than 1,000 jobs.

Saudi Arabia’s Prince Fahad bin Mansour, co-founder of the software development company ILSA Interactive, announced the upcoming plans at the closing ceremony of Pakistan’s largest tech conference, Future Fest 2023, on Sunday.

Prince Fahad also announced a plan to set up a Saudi-Pakistan Tech House during the three-day expo in Lahore, aimed at promoting “greater ease of doing business” between the two countries.

“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.”

“We (have) ambitious, strategic plans for our company in which we plan to forge partnerships with IT companies, universities, (and) big enterprises in Pakistan and elsewhere,” he added.

ILSA Interactive, which has offices in Riyadh and Lahore, was established in 2009 by Pakistani entrepreneur Salman Nasir. Prince Fahad’s Tech House initiative also plans on establishing headquarters in the Saudi capital, followed by a branch in Pakistan’s second-most populous city.

The company seeks “to provide a platform for greater collaboration” between Saudi Arabia and Pakistan, Prince Fahad said, as sectors across the Kingdom boost efforts to meet goals outlined under Vision 2030 established by Crown Prince Mohammed bin Salman.

“The vision of (the crown prince) opened Saudi Arabia to the world, built and launched platforms for future growth,” he said.


Israel says Netanyahu will meet with Trump on Wednesday about Iran talks

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Israel says Netanyahu will meet with Trump on Wednesday about Iran talks

  • Israeli Prime Minister Benjamin Netanyahu will meet with US President Donald Trump in Washington on Wednesday about the US talks with Iran
JERUSALEM: Israeli Prime Minister Benjamin Netanyahu will meet with US President Donald Trump in Washington on Wednesday about American talks with Iran, his office said Saturday, while Iran’s foreign minister threatened US military bases in the region a day after the discussions.
“The prime minister believes that all negotiations must include limiting the ballistic missiles, and ending support for the Iranian axis,” Netanyahu’s office said in a brief statement, referring to Tehran’s support for militant groups, including Hezbollah in Lebanon and Hamas in the Palestinian territories. Trump and Netanyahu last met in December.
There was no immediate White House comment.
The US and the Islamic Republic of Iran held indirect talks on Friday in Oman that appeared to return to the starting point on how to approach discussions over Tehran’s nuclear program.
Trump called the talks “very good” and said more were planned for early next week. Washington was represented by Middle East special envoy Steve Witkoff and Jared Kushner, Trump’s son-in-law.
Trump has repeatedly threatened to use force to compel Iran to reach a deal on its nuclear program after sending the aircraft carrier USS Abraham Lincoln and other warships to the region amid Tehran’s crackdown on nationwide protests that killed thousands.
Gulf Arab nations fear an attack could spark a regional war, with memories fresh of the 12-day Israel-Iran war in June.
For the first time in negotiations with Iran, the US on Friday brought its top military commander in the Middle East to the table. US Navy Adm. Brad Cooper, head of the military’s Central Command, then visited the USS Abraham Lincoln on Saturday with Witkoff and Kushner, the command said in a statement.
Iranian Foreign Minister Abbas Araghchi told journalists Friday that “nuclear talks and the resolution of the main issues must take place in a calm atmosphere, without tension and without threats.” He said that diplomats would return to their capitals, signaling that this round of negotiations was over.
On Saturday, Araghchi told the Al Jazeera satellite news network that if the US attacks Iran, his country doesn’t have the ability to strike the US “and therefore has to attack or retaliate against US bases in the region.”
He said there is “very, very deep distrust” after what happened during the previous talks, when the US bombed Iranian nuclear sites during last year’s Israel-Iran war.
Araghchi also said the “missile issue” and other defense matters are “in no way negotiable, neither now nor at any time in the future.”
Tehran has maintained that these talks will be only on its nuclear program.
However, Al Jazeera reported that diplomats from Egypt, Turkiye and Qatar offered Iran a proposal in which Tehran would halt enrichment for three years, send its highly enriched uranium out of the country and pledge to “not initiate the use of ballistic missiles.”
US Secretary of State Marco Rubio said Wednesday that the talks needed to include all those issues.
Israel, a close US ally, believes Iran is pursuing a nuclear weapon and wants its program scrapped, though Iran has insisted that its atomic plans are for peaceful purposes. Israel also wants a halt to Iran’s ballistic missile program and its support for militant groups in the region.
Araghchi, speaking at a forum in Qatar on Saturday, accused Israel of destabilizing the region, saying that it “breaches sovereignties, it assassinates official dignitaries, it conducts terrorist operations, it expands its reach in multiple theaters.” He criticized Israel’s treatment of Palestinians and called for “comprehensive and targeted sanctions against Israel, including an immediate arms embargo.”