Pakistan to hold investment moots in Saudi Arabia: Naveed
By Fakhar Alam

ISLAMABAD—Pakistan is planning to hold investment conferences at Jeddah and Riyadh to interact with Saudi investors and to apprise them about the privatization and investment opportunities in Pakistan and to identify areas of investment in the Kingdom of Saudi Arabia for the Pakistani business groups. Syed Naveed Qamar Federal Minister for Privatization, Investment, Ports, Shipping, Industries & Production stated during a meeting with Mr. Ali Awadh Asseri, Ambassador of Kingdom of Saudi Arabia to Pakistan who called on him here today.
Syed Naveed Qamar said that the leaderships on both sides were getting closer and our government intended to further strengthen and deepen our brotherly relations by accelerating the existing economic interaction by associating the Saudi investors in the Privatization Program of Pakistan. Pakistan had strong bonds in every sphere of life with the Kingdom of Saudi Arabia, he added.
The Saudi envoy Mr. Ali Awadh Asseri conveyed that the kingdom and the people of Saudi Arabia believed that the united, prosper and stable Pakistan was in the interest of the region, which he observed that with the induction of new government would become certain. He assured that all efforts would be made to promote the existing links and translate them into strong economic relations to benefit both the people and the countries. Pakistan has promising investment environment and the Saudi investors were keen to invest in Pakistan and to broaden the existing economic interaction.
Mr. Ahmad Waqar Secretary Investment Division and senior officials of Privatization Commission and Board of Investment were also present during the meeting.