ISLAMABAD: A Saudi trade delegation will arrive in Pakistan on Monday to explore investment opportunities related to the China-Pakistan Economic Corridor (CPEC) and other sectors, the Saudi embassy in Islamabad said on Saturday.
The delegation’s arrival is a follow-up to Prime Minister Shehbaz Sharif’s visit to Riyadh in April. During the trip, Sharif said the two countries were working on exploring new areas of cooperation, with a particular focus on promoting economic, trade and investment ties.
The delegation will start its meetings in Islamabad.
“According to the plan they will meet with business community, CPEC related officials and two ministers on Monday at Serena hotel between 4 to 6 pm,” the Saudi embassy said in a statement.
“Delegation will visit Lahore on Tuesday and will meet the chamber of commerce at 12 p.m. and to Punjab board of investment at 3.30 pm. Delegation will visit Faisalabad on Friday and Karachi on Saturday.”
Azhar Ali Dahar, trade and investment minister at the Pakistani embassy in Riyadh, told Arab News last week that the delegation will led by Saudi-Pakistani Business Council chairman Fahad bin Mohammed Al-Bash, and will comprise representatives of 30 Saudi companies.
“These companies are interested in CPEC, construction, energy, sports and tourism promotion,” he said. There are also some companies operating in Information Technology (IT) sector. “The delegation will look into possibilities for the investment available in Pakistan.”
