A high-level Saudi business delegation, led by Prince Mansour bin Mohammed Al Saud, chairperson of the Saudi chapter of the Saudi-Pakistan Joint Business Council, visited the Port Qasim Authority (PQA) on Tuesday to explore opportunities for strengthening trade and investment ties between Pakistan and Saudi Arabia.

The delegation was received by PQA Chairman Rear Admiral (r) Syed Moazzam Ilyas and Federal Secretary for Maritime Affairs Captain (r) Muhammad Khurram. Welcoming the delegation, the PQA chairperson highlighted the longstanding relations between Pakistan and Saudi Arabia, expressing confidence that greater economic cooperation and mutually beneficial investments will further strengthen ties between the two countries.

He also highlighted Port Qasim's role as one of Pakistan's major maritime and commercial gateways and briefed the delegation on the authority's operations, port infrastructure, ongoing development projects and available investment opportunities. The Saudi delegation expressed interest in Port Qasim's development projects and investment potential, particularly the proposed multipurpose cargo terminal, integrated container terminal and import and re-export automobile zone.

The delegation also proposed exploring investment opportunities in petroleum storage facilities and mineral refineries at the port. This reflects the continuous commitment from both sides to enhance bilateral economic cooperation.

Officials from both nations discussed various strategic frameworks aimed at streamlining trade procedures and ensuring the swift execution of upcoming joint ventures in the maritime and logistics sectors. The visit reflects the Port Qasim Authority's efforts to strengthen business ties between Pakistan and Saudi Arabia and attract foreign investment by turning potential opportunities into practical projects.

Furthermore, both delegations emphasized the significance of private sector engagement in driving sustainable economic growth and creating new employment opportunities within the region. The proposed cooperation could also help strengthen Port Qasim's position as a major maritime, trade and logistics hub in the region.

Concluding the visit, both sides exchanged commemorative shields and reiterated their resolve to maintain active communication channels for the successful implementation of the discussed proposals.