RIYADH: Prime Minister Shehbaz Sharif on Tuesday touched down in Riyadh to take part within the eighth version of the Future Funding Initiative (FII), held underneath the patronage of the Custodian of the Two Holy Mosques, King Salman Bin Abdulaziz Al-Saud.
In line with an official assertion, Deputy Governor of Riyadh Province Prince Mohammed bin Abdulrahman bin Abdulaziz warmly acquired the premier on the Royal Terminal of King Khalid Worldwide Airport.
The ambassador of Pakistan to Saudi Arabia and senior Saudi officers have been additionally current on the airport.
PM Shehbaz will take part and deal with the plenary session of the funding moot which will likely be held on the King Abdulaziz Worldwide Convention Heart from October 29-31.
The Future Funding Initiative (FII) serves as an essential platform for nations to showcase their financial energy, draw overseas investments, and interact in dialogue to form a sustainable future.
This yr’s FII is themed “Infinite Horizons: Investing At the moment, Shaping Tomorrow” and can concentrate on world investments aimed toward addressing main points reminiscent of synthetic intelligence, robotics, schooling, power, area, finance, healthcare, and sustainability.
The premier can be anticipated to name on the Crown Prince and Prime Minister Mohammed bin Salman Al Saud in addition to different senior Saudi management.
After his arrival, PM Shehbaz took to X saying, “Simply landed within the lovely metropolis of Riyadh on the invitation of my brother HRH Crown Prince Mohammed bin Salman to take part within the eighth Future Funding Initiative Convention.”
He mentioned that he seemed ahead to attend this spectacular gathering of political, enterprise and company world leaders to form a greater future for all.
The prime minister mentioned that in his conferences with the Saudi management, he would reaffirm our frequent need to additional cement Pak-KSA ties via strong and mutually helpful partnerships in commerce and funding.
Earlier this month, Pakistan and Saudi Arabia inked a number of memorandums of understanding (MoUs), price over $2 billion, to spice up bilateral commerce and funding throughout the Islamabad go to of a Saudi delegation, headed by Minister for Funding Khalid bin Abdulaziz Al-Falih.
The Khalid-led delegation comprised Saudi corporations from numerous sectors together with development, engineering, monetary providers, IT, hospitality, agriculture, meals, power, and petroleum are a part of the visiting delegation.
The agreements embrace a $70 million funding within the agriculture sector, the institution of superior semiconductor chip manufacturing in Saudi Arabia, the institution of a textile trade, a white oil pipeline mission, an MoU for exploring funding alternatives, a hybrid energy mission, growth of transformer manufacturing services in each the nations, cyber safety measures for patrons and companies, and the export of spices and greens from Pakistan.
Moreover, the agreements define the institution of a producing facility for surgical and dental gear and collaboration on the federal authorities’s E-Taaleem and digitalisation programmes.