KARACHI | Vice Chairman of the Balochistan Board of Investment and Trade (BBoIT), Bilal Khan Kakar, has said that Saudi investment in Balochistan could strengthen the provincial economy, accelerate industrial development and create employment opportunities for local youth.
Prince Mansour bin Mohammad Al Saud leads 10-member Saudi delegation in Karachi talks; investment opportunities in minerals, energy, industry, agriculture and coastal economy discussed
Speaking during a meeting with a 10-member Saudi business delegation led by Prince Mansour bin Mohammad Al Saud, Chairman of the Saudi-Pakistan Joint Business Council, Kakar said Balochistan offered significant investment opportunities in minerals, energy, agriculture, livestock, industry and the coastal economy.
He said Chief Minister Mir Sarfraz Bugti envisioned transforming Balochistan into a major national and international investment and trade hub, adding that the provincial government was committed to creating a business-friendly environment and facilitating foreign investors.
Saudi Investors Keen to Invest in Balochistan, Create Jobs: Bilal Kakar
The meeting, held in Karachi, was attended by Balochistan Technical Education and Vocational Training Authority (BTEVTA) Managing Director Abdul Kabeer Zarkoon and Lasbela Industrial Estates Development Authority (LIEDA) Managing Director Liaqat Kashani.
During the meeting, the Saudi delegation received a detailed briefing on Balochistan’s natural resources, economic potential and proposed investment projects.
The projects presented included a low-BTU gas-based urea fertilizer complex, a ferrochrome plant, industrial development opportunities through LIEDA, blue economy initiatives, olive cultivation, livestock farming and investment prospects in the minerals and energy sectors.
Prince Mansour expressed keen interest in the proposed projects and conveyed his commitment to exploring direct investment in projects ready for implementation.
He also assured the Balochistan delegation that efforts would be accelerated to provide employment opportunities for skilled workers from the province in Saudi Arabia.
Describing the employment initiative as a special gift to the Government of Balochistan, the Saudi business leader expressed his willingness to strengthen economic cooperation and investment partnerships.
Kakar welcomed the Saudi delegation’s interest and said investment in the province’s natural resources and industrial sectors could expand economic activity while generating employment for local communities.
He invited Saudi investors to explore the available opportunities and assured them that BBoIT would provide necessary assistance in identifying suitable projects, coordinating with government departments and facilitating investment procedures.
He reiterated that the provincial government remained committed to encouraging foreign investment and developing long-term economic partnerships that could contribute to Balochistan’s sustainable growth.
No specific investment agreements, financial commitments or employment targets were announced during the meeting.
