On Thursday, the Sindh government signed two major memorandums with Saudi investors, signed a new international interest in Pakistan’s energy sector and wider economic land.
Chief Minister Syed Murad Ali Shah hosted Saudi Joint Business Council Chairman Prince Mansoor bin Mohammed Al Saud, and hosted a 30 -member Saudi business delegation at the Chief Minister’s house in Karachi. The tour ended in two key MOS: one for sale and purchase of shares in KES Power Limited, and the other to find strategic cooperation and investment in Pakistan’s power sector between Electric Limited and Trident Energy Limited.
The agreements came when the latest retail Sukk of K -Electric was offered, monitored, which indicates investors’ confidence in the country’s energy market. These deals are expected to accelerate efforts to upgrade Pakistan’s power generation, transmission, and distribution infrastructure.
Chief Minister Shah used this opportunity to use Sindh as an important destination for the Saudi capital, invited to invest in sectors, including agriculture, livestock, mining, infrastructure, energy and food security. He highlighted the Sindh’s main public private partnership (PPP) model, which has delivered several high -level infrastructure and social sector projects.
The two sides agreed to set up joint working groups in the priority sectors to ensure the target and sustainable progress. Shah emphasized the importance of cooperating with the government and business from the government to both business and business to advance the transfer of innovation and technology.
Prince Mansoor praised the hospitality of the Sindh government and acknowledged the “intelligent business environment” in Karachi and the wider province. He announced the establishment of sub -committees of the sector to identify and target investment opportunities, and called the visit to the beginning of a new era in Saudi Pakistan’s economic relations.
Prince Mansoor said, “Our Business Council is nothing new. We have a standing history of bilateral trade.” “We are determined to work together to strengthen the economy. Pakistan works as a gateway for trade throughout the region and is important for tourism.”
Sindh officials presented a detailed investment portfolio for the Saudi delegation, highlighting the power of the province in the acquisition of coal, solar, wind, and gas -related agriculture, logistics, industrial zones and environmental tourism. Sindh is a home of about 60 million people, Pakistan’s GDP and an important tax revenue driver, with an investment portfolio more than $ 5 billion.
Notable projects include tourism projects such as Sindh Engro Coal Mining Company, China Sindh Resources’ Thar Block I Coal Project, Nabisar Vajihar Water Supply Project, Ned Technology Park, and Hawks Beach Resort and Kenjhar Lake Resort.
Shah confirmed the government’s commitment to facilitate investment methods, digitalizing ground records, and providing investors from the end to the end. He said that close harmony with federal agencies will ensure the implementation of a business friendly environment and project.
High -level engagement is an important step toward strengthening bilateral economic relations, enhancing trade and launching new joint ventures between Sindh and Saudi Arabia. Cooperation is compatible with the ambitions of Sindh for Saudi vision 2030 and a dynamic, comprehensive future.
The cabinet members included Dr. Azra Fazil Pachoho, Sharjeel Memon, Nasir Shah, Saeed Ghani, Makhdoom Mahbobzman, Jam Khan Shoro, Jam Ikram Dhirjo, and Mukesh Chola.