There is an increased interest by Saudi investors and businessmen to import traditional hand-made carpets, apparel and chemical products from Pakistan. Media reports informed that a delegation of Saudi enterprises recently met Friends of Economic and Business Reforms (FEBR) president Kashif Anwar in Pakistan to discuss investment and trade partnership with Pakistani companies.
Delegation Head Saud Abdullah said Pakistan’s hand-made carpets and value-added textile industry offer a huge potential for exports as a large segment of its industry is well-organized and has achieved international efficiency levels, according to Pakistani media reports.
Abdullah said the interaction was aimed at attracting public and private investments in Pakistan from the Kingdom and vice versa. The delegation studied Pakistan’s market for partnerships and investment and to strengthen bilateral trade ties.