ISLAMABAD: Deputy Chairman Senate Syedaal Khan Nasir has said that the brotherly relations between Pakistan and Saudi Arabia are built on a solid foundation of faith, mutual trust, and shared progress. He emphasized that Saudi Vision 2030 has opened new horizons for global investment and private sector growth, offering immense opportunities for the Pakistani business community to benefit from.
He expressed these views while addressing as the Chief Guest at the “Saudi Company Formation and Business Expansion Summit 2026” organized by Al Raee Group in Islamabad.
Extending his congratulations to Al Raee Group and the Kingdom of Saudi Arabia on hosting the timely summit, the Deputy Chairman Senate termed the event a vital initiative to bolster economic connectivity and give a new dimension to bilateral trade and investment. He assured that the Senate of Pakistan and the government would continue to extend all possible support to initiatives that foster economic growth, employment, and technology transfer.
Addressing the gathering, Bilal M. Zubair, Chairman of Al Raee Group, welcomed the distinguished guests and highlighted Saudi Arabia’s business-friendly policies. He stated that under Saudi Vision 2030, the Kingdom offers 100% foreign ownership, simplified banking channels, and has removed the minimum capital requirement for various business activities to ensure an ideal corporate environment.
He clarified that any private limited company or partnership firm from Pakistan operating for at least one year can seamlessly expand into the fast-growing Saudi economy by submitting key documents, including the Certificate of Incorporation and an Audited Financial Report.
President of the Federation of Pakistan Chambers of Commerce and Industry (FPCCI), Atif Ikram Sheikh, stressed the need to strengthen private-sector linkages and lauded Al Raee Group’s constructive role as an effective bridge in Pak-Saudi trade relations. The summit was highly attended by foreign diplomats, leading investors, and top corporate executives from various national and international companies.
The major highlight of the summit was the signing of Memorandums of Understanding (MoUs) between Al Raee Group and heads of 12 prominent Pakistani companies from various sectors. Under these agreements, these enterprises will launch their operations and execute large-scale investments in Saudi Arabia. Marking a significant milestone in investment cooperation, the summit laid down a solid foundation for long-term and resilient economic partnership between the two brotherly nations.
