Saudi investors have expressed interest in investing across seven major sectors in Punjab’s special economic and industrial zones, following the signing of a memorandum of understanding (MoU) between the Punjab government and the Pak-Saudi Joint Business Council.
According to media reports, the MoU signing ceremony was held in front of the Alamgiri Gate of Lahore’s Badshahi Mosque and was attended by Punjab Chief Minister Maryam Nawaz Sharif and Pak-Saudi Joint Business Council Chairman Prince Mansoor bin Muhammad bin Saad Al Saud.
The sectors identified for investment include real estate development, hospitality, mining, minerals, transport, logistics, and agriculture.
The Saudi delegation also showed interest in joint ventures to enhance healthcare infrastructure, while the Punjab government agreed to cooperate in developing the livestock and aquaculture sectors.
Chief Minister Maryam Nawaz said that Punjab offers significant opportunities for Saudi investors, describing it as “the best place to invest” and reaffirming her government’s goal to transform the province into an industrial hub through investor-friendly policies and facilities.
She emphasized that Punjab’s natural and mineral resources hold vast economic potential, which the government aims to harness in partnership with Saudi investors.
The chief minister assured the visiting delegation that a dedicated provincial agency would act as the focal point for investor facilitation and that all projects would be implemented through a fast-track process rather than traditional bureaucratic timelines.
The Saudi delegation expressed satisfaction with the provincial government’s assurances and commitment to fostering a strong partnership under the new investment framework.
