2nd Investment Opportunities Summit and Smart Expo held in Jeddah.

PRESS RELEASE
2nd Investment Opportunities Summit and Smart Expo held in Jeddah.
30 November,2024/Jeddah–Consul General of Pakistan, Mr. Khalid Majid while addressing the inaugural session of 2nd Investment Opportunities Summit and Smart Expo as Key Note speaker said that it is a matter of great pleasure to address a progressive business audience here in Jeddah today. The event was organized by Pakistan Association of Exhibition Industry.
He said that being cognizant of Pakistan-Saudi Arabia strong bilateral relations and recent economic developments, I am confident that this business event would play a significant role in further strengthening the cause. Presence of 2.7 million Pakistani diaspora in Kingdom is a true reflection of the strong bond that has been maintained and nurtured by both the nations throughout these years. Around 1.7 Million Pakistani workers travelled to Saudi Arabia in the last five years, making it the top destination for Pakistani emigrants.
Today, Saudi Arabia hosts one of the largest expatriate communities of Pakistanis outside of Pakistan and I take pride to share that the invaluable work done by Pakistani work force is one of the defining factors in Pak Saudi economic cooperation.
Mr. Khalid Majid shared that Consulate General of Pakistan has recently, established and operationalize Pakistan Investor Forum as an apex body in Jeddah. The forum is expected to vouch for interests of Pakistani investors and develop linkages with Saudi business communities.
According to the data of General Statistics of Saudi Arabia, there is 22% growth in Pakistani exports to Saudi Arabia. This positive trend is a collective effort of our businessmen and investors to enhance our share in Saudi market, and it must be retained.
The recent visit of 130 members Saudi business delegation to Islamabad is a promising sign of the unwavering diplomatic and trade ties between the two countries. The delegation’s signing of 27 MOUs in various sectors shows the mutual business interest of both countries.
Consul General highlighted that Special Investment Facilitation Council (SIFC) of Pakistan, a key forum in business and investment matters, accords highest level of priority to all investors, especially from Saudi Arabia and is fully committed to providing a secure environment to all investors.
A large number of Saudi and Pakistani business community members attended the event and visited stalls of various Pakistani companies promoting medical tourism, education, real estate and hospitality industry.
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