Riyadh: (RightNow) At the Saudi Company Formation and Business Extension Summit 2026, agreements were signed between 12 Pakistani companies and the Saudi Al-Raee Group. These agreements will enable Pakistani companies to start investments and businesses in Saudi Arabia.

Deputy Chairman Senate Syed Ali Khan Nasir stated at the event that Saudi Vision 2030 is a significant milestone for strengthening Pakistan-Saudi trade relations. He emphasized that this vision has opened new doors for global investment and private sector growth.

Chairman Al-Raee Group Bilal M. Zubair mentioned that under Vision 2030, Saudi Arabia is granting foreign companies 100% ownership rights. Pakistani companies can become part of the Saudi economy after being active for one year.

These agreements will allow Pakistani companies to invest in Saudi Arabia through easy banking channels. Saudi Arabia has also removed the minimum capital requirement to attract more investors.

It is noteworthy that Saudi Arabia and Pakistan’s brotherly relations are based on faith, trust, and mutual development. These agreements will further strengthen economic cooperation between the two countries.