Saudi Arabia Interested in Balochistan Investment
Saudi Arabia has shown interest in investing in Balochistan's mineral, energy, agriculture, and industrial sectors. The kingdom also wants to explore job opportunities for skilled workers from the province.
Meeting in Karachi
The interest was shared by Prince Mansour bin Mohammad Al Saud, Chairman of the Saudi-Pakistan Joint Business Council. He met a high-level Balochistan government delegation in Karachi. A 10-member Saudi business delegation came with him.
Balochistan Officials at the Meeting
The meeting was led by Bilal Khan Kakar, Vice Chairman of the Balochistan Board of Investment and Trade (BBoIT). Also present were Abdul Kabeer Zarkoon, Managing Director of BTEVTA, and Liaqat Kashani, Managing Director of LIEDA.
Investment Opportunities Discussed
The Saudi delegation was told about investment chances and development projects in Balochistan. These include a low-BTU gas-based urea fertiliser complex, a ferrochrome plant, industrial development through LIEDA, the blue economy, olive cultivation, livestock farming, and projects in minerals and energy.
Saudi Commitment to Jobs and Investment
Prince Mansour said he is committed to exploring investment initiatives and joining projects ready to start in Balochistan. He also promised to speed up efforts to create jobs in Saudi Arabia for skilled workers from the province. He called this initiative a special gift to the Balochistan government.
Balochistan's Investment Potential
Kakar said Balochistan has strong investment potential because of its natural resources and economic capacity. He said investment in minerals, energy, agriculture, livestock, coastal economy, and industry can boost economic activity and create local jobs.
Chief Minister's Vision
He said Chief Minister Mir Sarfraz Bugti wants to make Balochistan a major national and international hub for investment and trade. The provincial government is committed to helping investors and creating a business-friendly environment.
Invitation to Saudi Delegation
Kakar invited the Saudi delegation to explore investment prospects in the province. He assured them that BBoIT would help identify suitable projects, coordinate with government departments, and provide support during the investment process.
