- Maryam Nawaz and Prince Mansoor bin Muhammad bin Saad Al Saud witness signing of landmark MoU at Badshahi Mosque’s Alamgiri Gate
- Saudi investors express interest in seven key sectors including real estate, hospitality, mining, healthcare, logistics, and agriculture
- CM vows to make Punjab an industrial hub, offering full facilitation to foreign investors
LAHORE: Punjab Chief Minister Maryam Nawaz Sharif on Sunday announced that her government’s sustained efforts to attract Saudi investment had borne fruit, as a historic Memorandum of Understanding (MoU) was signed between the Punjab government and the Pak-Saudi Joint Business Council, marking a major breakthrough in bilateral economic cooperation.
The landmark MoU was signed at a grand ceremony held in front of the historic Alamgiri Gate of Badshahi Mosque, attended by Chief Minister Maryam Nawaz Sharif and Chairman of the Pak-Saudi Joint Business Council Prince Mansoor bin Muhammad bin Saad Al Saud. The agreement, officials said, opens new avenues for Saudi investment across multiple sectors in Punjab.
Speaking on the occasion, Maryam Nawaz said the Saudi investors had expressed keen interest in investing across seven major sectors in Punjab’s Special Economic Zones and Industrial Zones, including real estate development, hospitality, healthcare infrastructure, mining, minerals, transport, logistics, and agriculture.
She added that both sides would also explore joint ventures in livestock and aquaculture, sectors she described as “critical to Punjab’s long-term food and export security.”
“Punjab is the best place to invest. We want to make the province an industrial hub by providing every facility and institutional support to Saudi investors,” the Chief Minister said, adding that her government’s economic vision prioritised ease of doing business and investor confidence.
Maryam Nawaz emphasised that Punjab’s natural and mineral resources were “real economic treasures” that could drive sustainable growth if developed through strategic foreign partnerships. She reiterated that her administration was committed to fully utilizing these resources to uplift the provincial economy and generate employment.
Members of the Saudi delegation expressed satisfaction over the Chief Minister’s economic vision, lauding her proactive approach to promoting investment-friendly policies. They noted that Punjab’s infrastructure, market potential, and strategic location made it a preferred destination for Saudi investors looking to expand operations in South Asia.
During the discussions, the Chief Minister assured that the Punjab government’s focal investment agency would remain in constant communication with Saudi companies and investors to ensure smooth facilitation and coordination.
To accelerate the implementation of the Pak-Saudi investment agreement, Maryam Nawaz announced the adoption of a fast-track process, replacing the conventional timeline-based procedures to ensure immediate and effective execution of projects.
“This partnership will not only strengthen economic ties between Pakistan and Saudi Arabia but also bring prosperity and development to Punjab,” she said, reaffirming her government’s commitment to turning Punjab into the country’s leading economic engine.
