KARACHI: Saudi Arabia has renewed its interest in investing in Pakistan, with a particular focus on oil, gas, and mining projects, according to an official document seen by The News.
The development follows the recent signing of a strategic defence pact between the two countries, which has paved the way for deeper economic cooperation. The Special Investment Facilitation Council (SIFC) has directed ministries and departments to share project details, supported by technical and bankable feasibility studies, to facilitate Saudi investment.
Potential projects include establishing new refineries, upgrading existing facilities, developing oil and gas pipelines, and launching mining ventures nationwide. Officials expressed optimism that, unlike in the past, Riyadh’s renewed interest could translate into concrete investments as bilateral ties strengthen.
Story by Tanveer Malik
