Saudi Arabia Will Heavily Invest In Faisalabad: Fahad Al Bash
Fahad Shabbir (@FahadShabbir) Published June 23, 2022 | 10:02 PM
Saudi Arabia will heavily invest in Faisalabad in addition to providing two million additional jobs to Pakistanis under the vision of Crown Prince Muhammad Bin Suleman to make Saudi Arabia fully developed country by the year 2030
FAISALABAD, (UrduPoint / Pakistan Point News - 23rd Jun, 2022 ) :Saudi Arabia will heavily invest in Faisalabad in addition to providing two million additional jobs to Pakistanis under the vision of Crown Prince Muhammad Bin Suleman to make Saudi Arabia fully developed country by the year 2030.
Addressing the business community of Faisalabad here in FCCI, Fahad Al Bash, Chairman Saudi Pak Joint Business Council and leader of the visiting Saudi delegation said that Saudi Arabians have special attachment with Faisalabad due to the naming of this city after late King Faisal Bin Abdul Aziz.
He said that Saudi imports are around 60 billion Dollars but the share of Pakistan in it is only 1%. "We must enhance it and, in this connection, the Saudi Pak Joint Business Council will play its key role in linking business communities of the two countries", he said and added, "During this visit we have personally witnessed the potential importance and competency of the local entrepreneurs which would pave the way for our future ties." He announced to hold a dedicated exhibition for "Made in Pakistan" products in Saudi Arabia very soon and said, "We are also exploring joint ventures in real estate, halal products and the manufacturing of textile machinery etc." Earlier Atif Munir Sheikh President Faisalabad Chamber of Commerce & Industry (FCCI) introduced Faisalabad and FCCI and said that Faisalabad is strategically located in the heart of Pakistan which is well connected with world's leading markets through reliable linkages of rail, road and air.
He said, "We have two well developed industrial estates where Saudi Arabians could make investments to earn profit with a number of facilities." He also offered on behalf of the FCCI to extend maximum facilitation to the Saudi investors.
Zafar Iqbal Sarwar Chairman FIEDMC said that local and foreign investment to the tune of 1.3 Billion dollars has so far been made in M3 and Allama Iqbal Industrial Estates. Regarding colonization of these industrial estates, he said that 70% of the area has been covered while 30% is available for the new hi-tech industrial units.
Executive Member Muhammad Azhar Chaudhry gave a presentation on business opportunities in Faisalabad.
Later President Atif Munir Sheikh presented FCCI memento to Mr. Fahad Al Bash Chairman Saudi Pak Joint Business Council, MR. Turki A. Almatroudi of the Federation of Saudi Chambers and MR. Mubasher Alshehry of the Saudi Embassy.
Later B2B meetings were held between the local and Saudi investors. Earlier a red-carpet reception was accorded to the Saudi delegation on its arrival to the FCCI complex.
Related Topics
Recent Stories
PTI to stage nationwide protests against alleged electoral frauds
Senate continues discussion on Presidential address to Joint Sitting of Parliame ..
Masood Khan calls for Pak-US cooperation for regional peace
Interior Minister starts Margalla Trail Patrol for security
Currency Rate In Pakistan - Dollar, Euro, Pound, Riyal Rates On 26 April 2024
Today Gold Rate in Pakistan 26 April 2024
ICC Womens T20 World Cup Qualifier, Match 2: Ireland Women open with Comfortable ..
Robinson, bowlers help New Zealand go 2-1 up against Pakistan
Shahzeb Chachar to hold khuli kachehri on April 26
Heatwave amid Israel's aggression in Gaza brings new misery, disease risk
Tourism must change, mayor says as Venice launches entry fee
Court adjourns Judicial Complex attack case till May 17
More Stories From Pakistan
-
SSUET convocation held, 1177 degrees awarded
1 minute ago -
Frequent leaks of papers make matric exams controversial in KP
2 minutes ago -
Seven tubewells of WSSP converted to solar power
2 minutes ago -
ISSI holds in-house session on elections in India
11 minutes ago -
Gomal university computerises working for enhanced transparency
11 minutes ago -
PAL, SNHF to organize an interactive session with writers
21 minutes ago
-
24 arrested, weapons narcotics recovered
21 minutes ago -
Two-day int’l conference on advances in seed storage techniques held at UAP
22 minutes ago -
Partly cloudy weather forecast
22 minutes ago -
Meeting held to review arrangements for dengue control
31 minutes ago -
Aror University organizes int'l conference on interfaith religious diplomacy in Indus valley
31 minutes ago -
Police claim to arrest woman for kidnapping infant
31 minutes ago