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Establishment of Pak-Saudi Economic Corridor under consideration after Pakistan-Saudi Arabia Historic Defence Agreement

⏱ 2 minute read

SIFC's efforts for global investment in Pakistan have proved successful and SIFC's efforts in promoting global investment in Pakistan have borne fruit. The effective measures of the institution have earned the trust of international investors in agriculture, mining and other sectors. According to the report, the economic corridor is being planned in light of Saudi Arabia's vision   and Pakistan's development priorities. Also read :Pak-Saudi Defence Agreement not against any third country,Spokesperson Foreign Office

The two countries are considering the establishment of the Pak-Saudi Economic Corridor following the landmark defence agreement. This partnership will strengthen connectivity between South Asia and the Middle East through the Gwadar Port and provide new opportunities for development and investment in the CPEC style. Pak-Saudi Economic Corridor will ensure investment promotion, employment opportunities and transfer of advanced technology in the region Pakistan's exports to Saudi Arabia have exceeded $700 million in the current financial year. Saudi Arabia and Pakistan in the same line against the offensive, always! Saudi Defence Minister

Saudi investors seek to strengthen economic linkages in the fields of agriculture, mining, energy and IT According to economists, the new agreement will give investors confidence for long-term investment and pave the way for projects such as corporate farming, dairy and meat production.

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