Islamabad, Pakistan – Prime Minister Shehbaz Sharif will participate in the 8th Future Investment Initiative (FII) in Riyadh, Saudi Arabia, on October 29-30. This annual event aims to foster dialogue on economic growth and attract foreign investments. The Pakistani Foreign Office confirmed that PM Sharif is also expected to meet with Saudi Crown Prince Mohammed bin Salman during his visit.
Key Focus Areas of the FII
This year’s theme, “Infinite Horizons: Investing Today, Shaping Tomorrow,” emphasizes global investments in several critical sectors, including:
- Artificial Intelligence (AI)
- Robotics
- Education
- Energy
- Space
- Finance
- Healthcare
- Sustainability
The FII provides a significant platform for countries to showcase their economic potential and engage with international leaders and entrepreneurs.
Bilateral Discussions Expected
During his visit, PM Sharif will hold crucial talks with Crown Prince Mohammed bin Salman and other senior Saudi officials. The discussions are expected to cover:
- Economic partnership
- Strategic cooperation
- Energy collaboration
- Defense agreements
These talks come after a previous meeting between the two leaders in April at the World Economic Forum, where they addressed regional issues, including the situation in Gaza.
Strengthening Pakistan-Saudi Arabia Relations
The ties between Pakistan and Saudi Arabia are strong, driven by key areas such as trade, military collaboration, and cultural exchanges. The Kingdom is home to over 2.7 million Pakistani expatriates, who contribute significantly to Pakistan’s economy through remittances. In recent months, Saudi Arabia has reiterated its commitment to accelerate a $5 billion investment package to enhance bilateral trade and investment.
