Pakistan and Saudi Arabia have decided to expand their collaboration in digital investment and technology, aiming to provide greater access for Pakistani startups and small and medium enterprises (SMEs) to the Saudi market.
This agreement was made during a meeting between Pakistan’s Minister of State for Information Technology, Shaza Fatima Khawaja, and Saudi Deputy Investment Minister, Ibrahim Almubarak, on the sidelines of LEAP 2025.
The discussion emphasized boosting business-to-business (B2B) partnerships, particularly in artificial intelligence (AI), cloud computing, and financial technology.
Shaza Fatima highlighted Pakistan’s dedication to creating a favorable digital investment climate to attract global businesses.
Saudi officials acknowledged Pakistan’s skilled workforce and technological growth, emphasizing the potential for cross-border venture capital investments that could open international opportunities for Pakistani startups.
Both sides also explored ways to streamline licensing and registration processes for Pakistani firms looking to enter the Saudi market.
Additionally, they discussed strengthening joint research and development (R&D) efforts and digitizing the degree attestation process for Pakistani professionals seeking work in Saudi Arabia.
Shaza Fatima stressed that enhanced digital cooperation between the two nations would contribute significantly to regional economic growth and technological advancement.
