Saudi Arabia partners with Pakistan for youth skill development

February 04, 2025 (MLN): Saudi Arabia is set to partner with Pakistan to offer training programs for young Pakistanis, aiming to equip them with modern and relevant skill sets.

This initiative seeks to address Saudi Arabia’s growing need for a skilled workforce to meet the demands of its expanding market.

This was stated by H.E. Sultan Abdulrahman A. AlMarshad, CEO of the Saudi Fund for Development, during a meeting with the Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb, at the Finance Division.

H.E. AlMarshad acknowledged the valuable contributions of Pakistanis in the development of Saudi Arabia, recognizing them as the largest foreign workforce in the Kingdom, according to the press release issued.

The meeting underscored the strong ties between Pakistan and Saudi Arabia and set the stage for further economic collaboration, with a focus on investment, workforce development, and expanding bilateral cooperation.

Senator Aurangzeb expressed his gratitude for the longstanding partnership between Pakistan and the Kingdom of Saudi Arabia.

He emphasized the importance of Saudi Arabia’s continued support in funding and investment, which has significantly contributed to Pakistan’s economic growth.

Senator Aurangzeb recalled his recent meeting with Saudi Minister of Finance, Mohammed bin Abdullah Al-Jadaan, in Davos.

During the meeting, the Saudi Minister extended an invitation to Pakistan to attend the first edition of the high-level annual conference on challenges and opportunities facing emerging market economies.

The conference, jointly organized by the International Monetary Fund (IMF) and the Kingdom of Saudi Arabia, will take place in Al-Ula, Saudi Arabia, on February 16-17, 2025.

The Finance Minister expressed his anticipation for the conference, noting the valuable insights he hoped to gain from the event and the leadership of Saudi Arabia in implementing Vision 2030.

During the meeting, Senator Aurangzeb shared updates on Pakistan’s macroeconomic stability, highlighting improvements in key economic indicators.

H.E. Sultan Abdulrahman A. AlMarshad lauded the progress Pakistan has made in terms of macroeconomic stability and growth, which has opened up numerous multi-purpose investment opportunities across various sectors.

He particularly noted the potential for further collaboration between Pakistan and Saudi Arabia, inviting investors from the Kingdom to explore these emerging opportunities.

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