ISLAMABAD, 5 May 2007 — Chairman of Al-Rajhi Investment Group and the CEO of Al-Rajhi Bank Abdullah Suleman Al-Rajhi has expressed keen interest in bringing more investment to Pakistan.
He made these observations during his meeting with Prime Minister Shaukat Aziz here on Thursday. Aziz told Al-Rajhi that Pakistan has become a lucrative destination for foreign direct investment in view of the availability of skilled manpower, the comparative low cost of production and a level playing field available in both foreign and local investors. Aziz said Pakistan and Saudi Arabia have close relations based on shared faith and values.
Aziz told Al-Rajhi that Pakistan has enormous potential in real estate, telecom, banking, oil and gas, textiles, cement, power generation, agriculture, transport and the hotel industry. Al-Rajhi Group expressed interest in banking and real estate sectors.
Aziz also said that Pakistan would welcome businessmen from Bahrain to invest in Pakistan.