ISLAMABAD: In a major step for efforts to enhance business and investment from Saudi Arabia, Pakistan is organising the Joint Business Forum with Saudi Arabia in Saudi capital Riyadh next Wednesday (January 14).
The gigantic forum would be held in collaboration with the Saudi Ministry of Investment and Federation of Saudi Chambers that would pave the way for potential investment from the Kingdom in Pakistan in immediate future.
Highly placed diplomatic sources from Riyadh told The News/Jang on Tuesday that the forum aims to showcase Pakistan’s most promising investment-ready joint venture opportunities to leading Saudi businesses and investors.
The Special Investment Facilitation Council (SIFC) has played a significant role in organising the forum by undertaking screening, consolidation and preparation of sectoral portfolios with the assistance of relevant ministries for presentation to Saudi partners.
It is understood that they include 10 private sector expansion /joint venture projects in the power sector. The sources pointed out that both the brotherly countries have agreed to launch Economic Cooperation Framework (ECF). The projects which could come up for finalisation include renewable energy (solar, wind, biomass, small hydel); grid modernisation and transmission infrastructure; energy storage and smart metering solutions; distributed generation and micro-grids; power equipment manufacturing and localisation; and energy efficiency and conservation technologies. Each project may be submitted using the prescribed project information template.
The SIFC gathered business directory of top leading companies to enable and support targeted B2B matchmaking with Saudi investors.
