RIYADH, 13 August 2005 — Saudi investors can find viable ventures in Pakistan that can offer them attractive returns, observed Sheikh Nasser Almutawa, honorary consul of Pakistan in the Kingdom for investment.
Sheikh Nasser, chairman and chief executive officer of the Samama Group of Companies, was appointed Pakistan’s honorary consul in the Kingdom early this year. “There are plenty of opportunities for Saudi investors in Pakistan and equally good scope for Pakistani businessmen in the Kingdom,” he said.
Sheikh Nasser, who has proven his acumen in the business world, founded his flagship company in 1979, the Samama Group, which concentrated on providing modern turn-key operations to the government of Saudi Arabia. From a humble beginning, Sheikh Nasser has built Samama to become one of the leading companies in the Kingdom.
Samama which has achieved a 1st class rating from the Saudi government, is the 4th largest in construction and services, the 5th largest employer and also ranks 34 on the Saudi Top 100 Companies list.
In addition to Samama, Sheikh Nasser has substantial interest in security services, insurance, telecommunications, journalism, tourism, dairy production, petrochemicals, cements manufacturing and a slew of international investment. In addition to his successful business career, Sheikh Nasser is an avid collector of indigenous artifacts and antiques from some of the earliest days in the Kingdom’s history. He donated his collection of 3,800 pieces to the National Museum in Madinah. He is also a lover of fine arts and has an extensive collection of many important works.
The consul, optimistic about the future under the Custodian of the Two Holy Mosques King Abdullah, predicted phenomenal growth in the Kingdom. He pointed out that the key to political and economic success is in the hands of the business community.
He said that a gradual, but steady implementation of plans regarding the improvement and consolidation of business environment would ensure development and economic growth.
