12 Pakistani firms sign investment deals to expand into Saudi Arabia

July 18, 2026 (MLN): Twelve prominent Pakistani companies from various sectors have signed Memorandums of Understanding (MoUs) with Al Raee Group to launch operations and execute large-scale investments in Saudi Arabia.

The agreements were signed at the "Saudi Company Formation and Business Expansion Summit 2026," organized by Al Raee Group in Islamabad, marking what organizers described as a significant milestone in investment cooperation and laying a foundation for long-term economic partnership between Pakistan and Saudi Arabia, according to APP.

Deputy Chairman Senate Syedaal Khan Nasir, addressing the summit as Chief Guest, said the relations between Pakistan and Saudi Arabia are built on a foundation of faith, mutual trust, and shared progress.

He said Saudi Vision 2030 has opened new horizons for global investment and private sector growth, offering opportunities for the Pakistani business community.

He congratulated Al Raee Group and Saudi Arabia on hosting the summit, calling it a vital initiative to strengthen economic connectivity and add a new dimension to bilateral trade and investment.

He assured that the Senate of Pakistan and the government would continue extending support to initiatives fostering economic growth, employment, and technology transfer.

Bilal M. Zubair, Chairman of Al Raee Group, welcomed the guests and highlighted Saudi Arabia's business-friendly policies.

He said that under Saudi Vision 2030, the Kingdom offers 100% foreign ownership, simplified banking channels, and has removed the minimum capital requirement for various business activities to create an ideal corporate environment.

He explained that any private limited company or partnership firm from Pakistan operating for at least one year can expand into the Saudi economy by submitting key documents, including the Certificate of Incorporation and an Audited Financial Report.

FPCCI President Atif Ikram Sheikh stressed the need to strengthen private-sector linkages and praised Al Raee Group's role as a bridge in Pak-Saudi trade relations.

The summit was attended by foreign diplomats, leading investors, and top corporate executives from national and international companies.

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