ISLAMABAD: The Pakistan Regional Economic Forum (PREF) and Saudi Bridge have signed a strategic Memorandum of Understanding (MoU) in order to establish business-to-business (B2B) initiatives between Saudi Arabia and Pakistan with the help of Chinese technologies.
According to an official announcement made on Sunday, the PREF and Saudi Bridge have signed a strategic MoU to establish the “Saudi-Pakistan Bridge Initiative”, a structured bilateral platform designed to accelerate private sector investment flows, market entry and cross-border economic partnerships between Saudi Arabia, Pakistan and other regional countries.
Signed in Riyadh in the presence of senior government and institutional leadership, the MoU establishes a long-term framework aligned with Saudi Arabia’s Vision 2030, focused on moving beyond general cooperation towards operational execution and measurable outcomes. The initiative will function as a standing activation platform, enabling transaction-oriented collaboration between investors, enterprises, funds and ecosystem stakeholders.
Covering priority sectors including energy, mining, sports goods manufacturing, logistics, food and agri-processing, healthcare, technology, industrial manufacturing, construction, and strategic services, the platform will roll out sector-focused delegations, market-entry and soft-landing programmes, regulatory workshops, joint investment forums and a One-Stop Bridge Desk to support bilateral engagement over its initial three-year term.
Talking to this scribe, economist Haroon Sharif said that this forum was able to identify and finalise joint ventures of half a billion dollars between B2B of both the countries as they were working with the help of Saudi government and Pakistan’s Special Investment Facilitation Council (SIFC).
