Al Baik signs MoU with GO to launch in Pakistan

October 14, 2024 (MLN): Saudi Arabia’s Al Baik Food System Company and Pakistan’s Gas and Oil Pakistan Ltd (Go) have signed a strategic memorandum of understanding to establish and operate Al Baik restaurants in Pakistan, marking a significant step in Al Baik’s expansion strategy across the country.

Aligned with Saudi Vision 2030, which aims to enhance the export of national expertise and create new opportunities for global commercial expansion, this agreement will explore the potential for a strategic partnership.

The signing ceremony was held under the patronage of Saudi Minister of Investment, Engineer Khalid Al-Falih, and high-ranking delegations from both Saudi and Pakistani sides in attendance.

This event is the result of the Saudi Ministry of Investment’s persistent efforts to empower Saudi brands to expand internationally and enhance the Kingdom’s standing in the global economic arena.

Go, in which Saudi Aramco has acquired a 40 percent stake, is a leading player in Pakistan’s oil and gas sector.

This partnership underscores the Kingdom’s commitment to diversifying its economy and creating new growth opportunities in foreign markets.

This initiative highlights the crucial role played by the Saudi Ministry of Investment in realizing the objectives of Vision 2030 and reinforcing the Kingdom’s position as a leading economic force both regionally and globally, as APP reported.

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