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Shehbaz, MBS Pledge Deeper Economic Partnership at Riyadh Investment Forum

Saudi leadership signaled expanded economic cooperation with project-level investments reported yet still to be finalized.

Overview

  • Prime Minister Shehbaz Sharif is in Riyadh leading Pakistan’s delegation to the Future Investment Initiative (FII9) from October 27 to 29.
  • He held a bilateral meeting with Crown Prince Mohammed bin Salman, who reaffirmed commitment to strengthen ties focused on trade, investment, energy and manpower.
  • Express Tribune, citing unnamed sources, reports a long-term partnership under discussion that could include Saudi investment in dams and power transmission lines and a joint business council, with details still developing.
  • The Pakistani delegation includes Deputy Prime Minister and Foreign Minister Ishaq Dar, Finance Minister Muhammad Aurangzeb, Information Minister Attaullah Tarar and senior advisers, with Army Chief Gen. Asim Munir joining the meeting with the crown prince.
  • Pakistan will use FII9 meetings with other national leaders and international organizations to showcase its investment potential under the forum’s growth-focused theme.