Pakistan Inks MoU with Saudi, Local Partners for Karachi Waterfront Project
Saudi investors also signed an MoU to develop a 140-acre Karachi waterfront site into a major commercial and maritime hub.
- On Friday, Saudi Pakistan Joint Business Council Chairman Prince Mansour bin Muhammad Al Saud met Federal Minister for Communications Abdul Aleem Khan in Islamabad to discuss investing in three motorway projects: M6 Sukkur-Hyderabad, M10 Karachi Port, and M13.
- Pakistan signed a memorandum of understanding with Saudi partners to develop a maritime business district on a 140-acre Karachi Port Trust waterfront site in Karachi, transforming the area into a major commercial hub.
- Maritime Affairs Minister Muhammad Junaid Anwar Chaudhry said the agreement involves the KPT, NAJD Gateway Holding Company, Arif Habib Dolmen REIT Management Limited , and the Pakistan Corporate Consortium collaborating to unlock waterfront potential.
- Chaudhry stated all legal requirements under Pakistani law will be met before the project proceeds, part of wider initiatives by Islamabad and Riyadh to deepen economic ties in ports, logistics, and trade facilitation.
- Khan assured the delegation that Saudi investors would receive profitable investment models, asserting the development could become one of the region's largest waterfront commercial projects contributing to regional trade.
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Saudi investors eye Pakistan’s infrastructure, mining sectors as new deals signed
ISLAMABAD - Pakistan and Saudi Arabia on Friday moved to deepen economic cooperation as both sides finalised a series of investment agreements spanning infrastructure, ports, motorways, real estate and minerals development during a two-day meeting of the Pakistan-Saudi Joint Business Council, officials said.
Saudi investors eye three motorway projects
Saudi Pakistan Joint Business Council Chairman Prince Mansour bin Muhammad Al Saud has expressed strong interest in investing in Pakistan's motorway projects during a meeting with Federal Minister for Communications Abdul Aleem Khan, according to a statement issued on Friday.. The minister extended an official invitation to the Saudi Business Council to invest in the country's expanding infrastructure, specifically highlighting the M6 Sukkur-Hyd…
Saudi-Pak Partnership Backs Karachi Waterfront Project - Global News Pakistan
Islamabad (GNP): Pakistan has entered into a memorandum of understanding with Saudi and domestic partners to examine the feasibility of developing a maritime business district on strategically located Karachi Port Trust (KPT) waterfront land. Federal Maritime Affairs Minister Muhammad Junaid Anwar Chaudhry confirmed that the agreement was executed among four parties: KPT, the Saudi Business Council–NAJD Gateway Holding Company, Arif Habib Dolmen…
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