ISLAMABAD: Saudi Arabia’s Asyad Group has expressed strong interest in participating in Pakistan’s upcoming airport privatisation process and is working to bring together Saudi and international partners with the required technical expertise.
The Group has also reaffirmed its commitment to expanding its investment footprint in Pakistan across multiple sectors, including energy, infrastructure, financial services and other areas emerging through the government’s ongoing privatisation programme.
Federal Minister for Finance and Revenue Muhammad Aurangzeb held a meeting with Ghassan Ahmed Amodi, Chief Executive Officer of Asyad Group, Saudi Arabia, and Chairperson of the Board of Directors of Wafi Energy Pakistan Limited. The meeting was also attended by senior officials from Asyad Group and Wafi Energy Pakistan.
The discussions focused on Asyad Group’s existing investment portfolio in Pakistan, plans for further expansion and potential new investment opportunities arising from the government’s broader privatisation drive.
Amodi reaffirmed the Group’s long-term commitment to Pakistan, describing the country as an important destination within its international investment portfolio outside Saudi Arabia. He said Asyad Group was satisfied with its experience in Pakistan and intended to further expand its presence in the country.
Briefing the Finance Minister, Amodi said the Group was particularly interested in the upcoming airport privatisation process and was working to assemble a consortium of Saudi and international partners with relevant airport management and technical expertise. He also shared developments regarding the Group’s airport operations and growing international experience in the sector.
The meeting also reviewed the expansion plans of Wafi Energy Pakistan Limited, including growth in its retail network, storage infrastructure and digitalisation initiatives. The company briefed the minister on its investments in Khyber Pakhtunkhwa and other parts of Pakistan and its plans to expand operations further.
Amodi also expressed interest in exploring additional investment opportunities in Pakistan, including the financial sector, while facilitating partnerships between Saudi and Pakistani investors for potential projects.
Welcoming the Saudi Group’s continued interest, Finance Minister Muhammad Aurangzeb said Pakistan’s ongoing privatisation process was opening new opportunities for credible, long-term investors. He stressed the importance of commercially viable investments and greater private-sector participation in key sectors of the economy.
The minister highlighted Pakistan’s progress towards macroeconomic stability, including improvements in key economic indicators and its sovereign credit profile. He said the government remained focused on fiscal discipline, structural reforms and creating a favourable environment for sustainable investment and private-sector-led growth.
Aurangzeb also highlighted Pakistan’s strategic geographic location and its potential to serve as a gateway to regional markets. He encouraged Asyad Group and other international investors to identify commercially viable opportunities and convert investment interest into tangible projects.
The Finance Minister assured the Saudi delegation of continued government support and facilitation for investors, saying stronger private-sector participation would play a key role in promoting investment-led economic growth.
Amodi appreciated the government’s continued engagement with Saudi investors and reaffirmed Asyad Group’s commitment to expanding its investments in Pakistan and strengthening the longstanding economic and commercial relationship between the two countries.
