Pakistan Executives Group holds investment seminar in Jeddah

The Pakistan Executives Group, Saudi Arabia (PEG) recently arranged a seminar on “Investment Gateway Pakistan” at a local hotel bringing together various constituencies that have an interest in Pakistan and discussing latest developments and best practices of doing business in Pakistan.
Mazen Batterjee, vice chairman of the Jeddah Chamber of Commerce and Industry, highlighted the significance of relations between Pakistan and Saudi Arabia and expressed hopes that this event would act as a springboard to propel foreign direct investment in Pakistan.
The main theme of this seminar was to highlight the investment potential in Pakistan.
“The China-Pakistan Economic Corridor is set to bring a new wave of foreign investments not only in infrastructure projects but within the special economic zones which will be developed through the entire route. We see this as an immense opportunity for Saudi investors who are keen to go beyond Saudi shores for expansion,” said Zulqiurnain Ali Khan, president of Pakistan Executives Group Saudi Arabia.
Pakistan’s Ambassador Khan Hashim bin Saddique praised the initiative and elaborated on the developments in the new economic corridor, which aims to make Pakistan a promising investment hub. He emphasized on the advantages the Pakistani port of Gawadar offers to Middle East and Saudi Arabia which can reduce the current 12,000 km maritime journey to only 2,395 km. He also urged Saudi iInvestors to look into the power and energy sectors in Pakistan.
Consul General Sheheryar Akbar Khan welcomed the ambassador on his first public appearance after assuming the position a few days ago. He assured members of Pakistani community about the consulate working seven days a week 24 hours in their service, and promised his support and help to group to achieve their goals in improving the trade between Pakistan and Saudi Arabia.
The PEG aims to continue arranging these seminars and conferences in different cities within Saudi Arabia to stimulate new investments.

Source: Arab News