Pakistan and Saudi Arabia Ties

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PAKISTAN AND SAUDI ARABIA

• A BOND BEYOND BOUNDARIES

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Economic Ties

• The ninth session of the Pakistan-Saudi Joint
  Ministerial Commission held in Islamabad ended on
  a call to further enhance bilateral economic
  ties.
• Both the countries are wishing to enhance
  bilateral economic ties in various sectors
  including banking, agriculture, investment,
  education, infrastructure development, energy and
  health.

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Economic Ties

• The close geographical proximity, historic trade
  ties, religious affinity and the complementary
  nature of economic needs have created a strong
  bondage of trust between the two countries.
• In addition, there is a convergence of views and
  interests of the two countries on most of the
  regional and international issues.
• Pakistan and Saudi Arabia enjoy excellent
  relations.

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Investment

• A Saudi investment company Al-Baaj is willing
  to invest up to 1 billion in energy, automobile,
  hotel and construction industries in the next
  five years.
• Saudi Arabia is in favour of Free Trade Agreement
  (FTA) with Pakistan
• There are more than 350 Pakistani investors in
  the Kingdom who have obtained licenses from Saudi
  Arabian General Investment Authority (SAGIA) and
  have established companies in various fields of
  construction and services.

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Joint Ventures Attock Cement
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Joint Ventures National Tiles and Ceramics
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Joint Ventures Al-Olyan Descon Engineering Co.
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Joint Ventures Pakistan Cables Limited
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Joint Ventures HUBCO
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Joint Ventures Attock Oil Refinery
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Joint Ventures Faysal Islamic Bank
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Joint Ventures Saudi Pak Bank
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Joint Ventures Saudi-Pak Industrial and
Agricultural Investment Company
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Joint Ventures Falcon Cement
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Cement Industry
Al Baaj, a Saudi investment company will start a
joint venture in Pakistan with a cement industry
called Dandore The current capacity of Dandore
is 350 tons a day which will be enhanced up to
7500 tons a day as a result of the joint venture
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Energy plants and Solar panels
Al- Baaj group was aware of the energy crisis in
the Pakistan and was interested in constructing
power plants having production capacity of 150MW
to 200MW and also in the production of solar
panels, installation and back-up services to the
consumer
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Construction
The Al-Baaj construction company of Saudi Arabia
also submitted a proposal to the BOI (Board of
Investment) for the construction of low-cost
housing schemes in Pakistan
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Textile and Pharmaceutical Companies
Both countries are initiating contacts between
textile and pharmaceutical companies operating in
the two countries.
Insurance Companies
New collaboration in insurance and financial
sectors is proposed.
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Infrastructure
Saudi Arabia is assisting Pakistan with 131
million for Neelam-Jhelum Hydropower Project
(NJHP) with contribution of Saudi Fund for
Development.
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PAKISTAN MAJOR EXPORTS TO KSA
Raw cotton Cotton yarn and cloth Readymade
Garments Towels, Tents And Canvas Bed linen Art
silk synthetic textiles Leather garments,
furniture Carpets and rugs, footwear. Sports
goods Surgical goods Biscuits Rice Fish Fruits
And Vegetables, Spices Jams And Juices.
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Pakistan Major imports from KSA

• Petroleum Goods Petrochemicals
• Organic Chemical Products, Plastic And Plastic
  Products, Fertilizers
• Steel Products
• Electrical Equipment And Materials
• Raw Skins and Tanned Leather
• Boilers And Heavy Equipment
• Copper And Copper Products, Aluminum And Aluminum
  Products
• Chemicals (In-Organic), Components
• Precious Metals
• Steel Castings
• Tractors
• Other Floor Coverings Of Man-Made Fibers

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THANK YOU! ?