Maps
Magazine

TRADE & ECONOMY

Saudi Business Delegation Signs Key Energy MoUs in Pakistan, Eyes Major Investments in Sindh
A high-level Saudi business delegation led by Prince Mansour bin Mohammad Al Saud arrived in Pakistan, signing key MoUs on K-Electric’s ownership and energy collaboration. Sindh CM Murad Ali Shah invited Saudi investors to explore major projects across 12 priority sectors.
MH
by Muhammad Hashir
2025-10-09
Saudi Business Delegation Signs Key Energy MoUs in Pakistan, Eyes Major Investments in Sindh

Karachi — A high-level Saudi business delegation, led by Saudi-Pakistan Joint Business Council Chairman Prince Mansour bin Mohammad Al Saud, arrived in Pakistan on Tuesday for discussions on trade, investment, and bilateral collaboration.

The visit marks a new phase in Pakistan-Saudi economic ties, following Islamabad’s decision to form an 18-member committee to oversee economic engagements with Riyadh. Last month, the two countries also signed a mutual defence agreement, reaffirming a joint response to any act of aggression.

According to a press release from the Sindh Chief Minister’s Secretariat, the Saudi delegation — comprising over 30 leading businessmen and investors from energy, infrastructure, agriculture, livestock, mining, construction, logistics, and investment sectors — was received by Sindh Chief Minister Murad Ali Shah and provincial ministers at CM House.

Representatives from the Pakistan Business Council, Overseas Investors Chamber of Commerce and Industry (OICCI), and the Saudi Embassy were also present.

Two memorandums of understanding (MoUs) were signed during the meeting, signaling significant progress in K-Electric’s ownership and energy sector cooperation.

The first MoU pertains to the sale and purchase of shares in KES Power Ltd, while the second was signed between K-Electric Limited and Trident Energy Ltd to explore strategic cooperation and investment opportunities in Pakistan’s power sector.

“These agreements reflect growing international investor confidence in Pakistan’s energy market and a renewed commitment to enhancing power generation, transmission and distribution infrastructure,” the CM Secretariat stated.

Chief Minister Murad Ali Shah highlighted 12 priority investment sectors in Sindh, inviting Saudi companies to invest in agriculture, energy, infrastructure, logistics, and industrial projects.

“Sindh is ready to become the gateway for Pakistan’s economic development. We have digitised land records and simplified investment procedures. Creating an investor-friendly environment is our top priority,” he said.

He also emphasised the province’s alignment with Saudi Vision 2030, saying: “Our partnership with Saudi Arabia is vital for the economic future of the region.”

The CM pointed to key opportunities such as the Hyderabad-Sukkur Motorway, Karachi’s Blue and Yellow Line transit systems, and joint ventures in fisheries and livestock. He invited Saudi participation in the establishment of special economic zones.

Both sides agreed to establish joint working groups across various sectors to ensure continuity of cooperation. Shah added that the Sindh government was working closely with federal institutions, including the Special Investment Facilitation Council (SIFC) and Trade Development Authority of Pakistan (TDAP), to facilitate foreign investors from project feasibility to execution.

Prince Mansour thanked CM Shah for his hospitality, stating that the delegation aimed to establish a “new partnership” between Pakistan and Saudi Arabia. He said sector-specific subcommittees would be formed to promote funding inflows and project development.

Highlighting Karachi’s status as a port city, Prince Mansour said it offered “great investment opportunities”, while CM Shah reaffirmed Sindh’s readiness to provide “all possible cooperation” to Saudi investors.

The visit underscores the growing depth of Pakistan-Saudi ties, which are rooted in shared economic, strategic, and religious bonds.

Saudi Arabia has been a major source of financial assistance and energy supplies for Pakistan. In February, Riyadh signed a $1.2 billion deferred oil facility, releasing $100 million monthly until February 2026. Islamabad is also seeking a rollover of $5bn Saudi loans at concessional interest rates.

Saudi Arabia has also expressed interest in investing in Pakistan’s mining sector, including the multibillion-dollar Reko Diq copper mine in Balochistan.

The strengthening partnership reflects mutual ambitions under Saudi Vision 2030 and Pakistan’s Special Investment Facilitation Council, paving the way for long-term economic collaboration.
Tagged:

Pakistan

Investment

SaudiArabia
Share News: