Saudi fast-food giant Albaik is set to make its debut in Pakistan, with the opening of its first-ever branches in the country just around the corner. The announcement follows the signing of a Memorandum of Understanding (MoU) and comes after a high-level meeting between Pakistan’s Commerce Minister, Jam Kamal Khan, and Albaik’s owner, Rami Abu Ghazala. During the meeting, the Minister toured Albaik’s operations and met with Pakistani employees, emphasizing the potential of this expansion to create new job opportunities and boost the local economy.
Pakistan and Saudi Arabia Strengthen Economic Ties with Strategic Trade Discussions
This move marks a significant step in enhancing the economic relationship between Pakistan and Saudi Arabia. Minister Khan also used his visit to Jeddah for a series of strategic discussions aimed at strengthening trade and investment collaboration. These talks centered around sectors like energy, agriculture, IT, healthcare, and consumer goods, with a particular focus on Saudi brands entering the Pakistani market.
Pakistan-Saudi Investment Opportunities: A Growing Economic Partnership
The Minister also invited Saudi investors to explore opportunities in Pakistan, citing a 22% export growth to Saudi Arabia. which reached $700 million, and highlighting Pakistan’s investor-friendly policies and its 240-million-strong consumer market. With growing interest in Pakistan’s industries, including textiles, construction materials, and food, the visit is set to enhance business partnerships and create new avenues for trade.
The expansion of Albaik and the talks between Pakistan and Saudi Arabia signal the strengthening of bilateral economic ties, with new opportunities emerging in sectors ranging from food to infrastructure and technology.
