Saudi Arabia's Asyad Group signals fresh investment push in Pakistan through Wafi Energy

August 28, 2026 (MLN): The Government of Pakistan and Saudi Arabia's Asyad Group have signalled deeper investment cooperation, with the Asyad Group outlining plans to expand its Pakistan footprint across energy, aviation and finance, including growth at Wafi Energy Pakistan Limited, a potential bid for the upcoming airport privatisation, and fresh interest in the financial sector.

The development came during a meeting between Federal Minister for Finance and Revenue Senator Muhammad Aurangzeb and Ghassan Ahmed Amodi, Chief Executive Officer of Asyad Group and Chairperson of the Wafi Energy Pakistan Limited Board of Directors, who was accompanied by Javaid Akhtar, Group CFO of Asyad Group and Board Member of Wafi Energy Pakistan Limited; Zubair Shaikh, CEO of Wafi Energy Pakistan Limited; and Imran Hussain Qureshi, Corporate and Government Relations Director at Wafi Energy Pakistan Limited.

The meeting reviewed the Asyad Group's existing investment portfolio in Pakistan and discussed prospects for expansion across key sectors, said a press release issued.

Ghassan Amodi reaffirmed Asyad Group's long-term commitment to Pakistan, calling the country an important part of the Group's portfolio outside Saudi Arabia and expressing satisfaction with its experience thus far.

He briefed the minister on the Group's interest in the upcoming airport privatisation process, noting efforts to bring together Saudi and international partners with relevant technical expertise, and shared recent developments in the Group's broader airport operations internationally.

On the energy side, Wafi Energy Pakistan Limited briefed the Finance Minister on its ongoing expansion plans, including growth in its retail network, storage infrastructure and digitalisation initiatives, along with investments underway in Khyber Pakhtunkhwa and other parts of the country.

Ghassan Amodi also flagged the Group's interest in exploring additional opportunities in Pakistan's financial sector and in bringing together further Saudi and Pakistani investors for potential joint projects.

Senator Aurangzeb apprised the delegation of Pakistan's progress toward macroeconomic stability, citing improvement in key economic indicators and the country's sovereign credit profile, and reiterated the government's focus on fiscal discipline and structural reforms to build an enabling environment for sustainable, private-sector-led growth.

He also highlighted Pakistan's strategic location as a potential gateway to regional markets and encouraged continued collaboration with the private sector to convert investment interest into tangible projects.

The minister appreciated Asyad Group's continued confidence in Pakistan, assuring the delegation of the government's support for investors and its commitment to strengthening private-sector participation.

Ghassan Amodi, in turn, welcomed the government's engagement and reaffirmed the Asyad Group's intent to deepen investment ties and strengthen the broader economic and commercial partnership between Pakistan and Saudi Arabia.

Khurram Schehzad, Advisor to the Finance Minister, described the development on X as a fresh signal of growing Saudi private-sector confidence in Pakistan's economic turnaround and investment potential, with the Group viewing Pakistan as a strategic long-term investment destination.

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