Islamabad, Oct 11: Saudi Ministry of Investment Supports Al Baik Expansion Efforts in the Islamic Republic of Pakistan: Memorandum of Understanding Signed with “Go” Company to Explore Al Baik’s Expansion Opportunities in the Islamic Republic of Pakistan
In a pioneering move that reflects Saudi Vision 2030’s aim to enhance exports of rich national expertise and open new horizons for Saudi commercial expansion globally, a Memorandum of Understanding was signed between Saudi Arabia’s “Al Baik” and Pakistan’s “Go” company, under the auspices of the Saudi Ministry of Investment.
This memorandum aims to explore the possibility of establishing a strategic partnership to set up and operate Al Baik restaurants in the Islamic Republic of Pakistan, marking a key step in Al Baik’s expansion strategy in Pakistan.
The signing ceremony was held under the patronage of His Excellency the Minister of Investment, Engineer Khalid Al-Falih, with the Pakistani Prime Minister and high-ranking delegations from both Saudi and Pakistani sides in attendance.
This event is the result of the Ministry of Investment’s persistent efforts to empower Saudi brands to expand internationally and enhance the Kingdom’s standing in the global economic arena.
Notably, “Go” company, in which Saudi Aramco has acquired a 40% stake, is a leading player in Pakistan’s oil and gas sector. This partnership underscores the Kingdom’s commitment to diversifying its economy and creating new growth opportunities in foreign markets.
This initiative highlights the crucial role played by the Ministry of Investment in realizing the objectives of Vision 2030 and reinforcing the Kingdom’s position as a leading economic force both regionally and globally.
