A high-level Saudi business and investment delegation has arrived in Islamabad as Pakistan and Saudi Arabia are likely to sign many bilateral agreements and Memorandum of Understanding`s worth over 2 billion dollars.

The delegation, led by Saudi Arabian Minister of Investment Khalid Al-Falih, is comprised of many deputy ministers and well-known businessmen of his country. During their stay in the Pakistani capital, the ministers and other representatives of both the countries will sign many agreements and MoU’s in Energy, Information Technology (IT), Agriculture, Finance, health, Construction, Mining and Textile sectors.

Earlier upon their arrival in Pakistan, the delegation was received by many cabinet members including the Federal Energy Minister, Minister of Commerce and Minister of Privatization along with other officials of the Pakistani government at the airport.

The Saudi Arabian delegation will hold business-to-business meetings with concerned officials and representatives of Pakistani companies. The Saudi investment Minister is also slated to address a business forum in Islamabad and will hold parleys with senior officials of Pakistan’s private sector.

The executives of many leading Saudi Banks and Investment companies are part of the delegation. In the recent past, Saudi Arabia has shown keen interest in investment in Pakistan and both the countries are heading towards a positive direction to enhance economic and trade cooperation. Dozens of Pakistani companies are likely to interact with Saudi enterprises for business to business deals. The delegation is also scheduled to meet Pakistani leadership including the Prime Minister.