ISLAMABAD: Saudi Arabia has expressed a strong interest in investing in Pakistan’s maritime sector, including the strategic Gwadar Port.
The development came during an online meeting between Pakistan’s Minister for Maritime Affairs, Junaid Anwar Khan, and the Pak-Saudi Joint Business Council.
During the session, Saudi companies were briefed on the vast investment potential within Pakistan’s maritime domain.
Saudi investors were also formally invited to partner in expanding the Pakistan National Shipping Corporation (PNSC) fleet.
The Minister for Maritime Affairs highlighted that Pakistan’s maritime sector offers highly lucrative opportunities for Saudi investors, particularly across ports, logistics, and the blue economy.
He emphasized that there is immense scope for collaboration that aligns perfectly with Saudi Vision 2030 and Pakistan’s development priorities.
Discussions spanned across all major ports, including investment prospects at Gwadar Port.
Key projects pitched to the Saudi delegation include the Maritime Business District project at the Karachi Port, the establishment of a multi-purpose cargo terminal at Port Qasim, the highly profitable Energy City project, and the setting up of an Aqua Research Park at the Korangi Fish Harbour.
