Riyadh preferring Pakistan for investment: Minister

Saudi Deputy Minister for Investment Ibrahim bin Yusuf al-Mubarak has said they want to take the partnership between Pakistan and Saudi Arabia in the private and public sector to greater heights.

Ibrahim bin Yusuf al-Mubarak while addressing the ceremony in Islamabad said that a large number of Pakistanis are contributing to the development of Saudi Arabia and Riyadh considers Islamabad as a very suitable country for investment.

Ibrahim bin Yusuf al-Mubarak said that Saudi Arabia wants to see Pakistan economically strong as Saudi investors are interested in investing in the country in various sectors.

He said that he is happy to come to Pakistan and our visit to Islamabad is a continuation of the previous visit. He added that Pakistan and Saudi Arabia share many values.

The visiting minister said that the Saudi government and companies are giving priority to Pakistan for investment. We are trying to connect the trade of both countries and this visit will provide opportunities to expand trade relations between the two countries, he added.

Ibrahim bin Yusuf al-Mubarak said that commercial investment is a strong tool to improve relations between the two countries.

It should be remembered that a 50-member delegation of Saudi Arabia arrived in Pakistan yesterday. The Saudi delegation will discuss the issues related to investment opportunities in various sectors in Pakistan and later the trade delegation of Pakistan will also go to Saudi Arabia.