Saudi-Pakistan pact signed to launch new B2B bridge initiative

Pakistan & KSA – (Web Desk) -The Pakistan Regional Economic Forum and Saudi Bridge have joined hands by signing a strategic Memorandum of Understanding (MoU) to promote business-to-business (B2B) initiatives between Pakistan and Saudi Arabia, leveraging Chinese technology, The News reported.

The agreement, announced on Sunday, marks the launch of the “Saudi-Pakistan Bridge Initiative”, a structured platform designed to boost private sector investments, ease market entry, and foster cross-border economic partnerships between Pakistan, Saudi Arabia, and neighboring countries.

The MoU was signed in Riyadh with senior government and institutional leaders present. It sets a long-term framework in line with Saudi Arabia’s Vision 2030, aiming to move beyond general collaboration towards concrete actions and measurable results.

The initiative will function as a standing activation platform, enabling transaction-oriented collaboration between investors, enterprises, funds and ecosystem stakeholders.

It covers priority sectors including energy, mining, sports goods manufacturing, logistics, food and agri-processing, healthcare, technology, industrial manufacturing, construction, and strategic services.

The platform will roll out sector-focused delegations, market-entry and soft-landing programmes, regulatory workshops, joint investment forums and a One-Stop Bridge Desk to support bilateral engagement over its initial three-year term.

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Talking to The News, economist Haroon Sharif said that this forum was able to identify and finalise joint ventures of half a billion dollars between B2B of both countries, as they were working with the help of the Saudi government and Pakistan’s Special Investment Facilitation Council (SIFC).