ISLAMABAD: Saudi Arabia’s Asyad Group has reaffirmed its confidence in Pakistan and expressed its intention to expand investments in the country, including exploring opportunities arising from the government’s privatization program.
The development came during a meeting between Finance Minister Senator Muhammad Aurangzeb and Ghassan Ahmed Amoudi, CEO of Saudi-based Asyad Group and chairman of the board of directors of Wafi Energy Pakistan Ltd.
Asyad Group Eyes New Investment Opportunities
During the meeting, the Saudi group expressed keen interest in exploring investment opportunities in new sectors in Pakistan. It also indicated plans to participate in the upcoming privatization of airports in partnership with Saudi and international investors.
The group also showed interest in Pakistan’s financial sector and discussed bringing together Saudi and Pakistani investors for potential projects.
Wafi Energy Plans Expansion in Pakistan
Wafi Energy presented plans to expand its retail network, storage infrastructure and digitalization operations in Pakistan.
The company also intends to expand its investments and operations in Khyber Pakhtunkhwa and other parts of the country, according to the statement.
Finance Minister Welcomes Saudi Investment Interest
Aurangzeb welcomed the continued interest of Saudi investors in Pakistan, saying attracting reliable and long-term investors remained a government priority.
He said the privatization program was creating new investment opportunities and stressed the need to further strengthen economic ties, trade, investment and private-sector cooperation between Pakistan and Saudi Arabia.
The finance minister also highlighted progress toward economic stability, improvements in key economic indicators and Pakistan’s stronger sovereign credit profile.
He said fiscal discipline, structural reforms and greater private-sector participation were central to the government’s goal of achieving sustainable, investment-driven economic growth.
The Asyad Group reaffirmed its commitment to further investment in Pakistan and to strengthening the longstanding economic and trade ties between the two countries.