Ease of doing business: KSA opens Tech City in Lahore
Saudi Arabia has announced the establishment of a dedicated Saudi–Pakistan Tech House to promote greater ease of doing business.
Saudi Arabia’s Ambassador to Pakistan Nawaf bin Said Al Malki disclosed this while addressing a ceremony on Monday.
“The first office of the Saudi Tech House will be established in Lahore, with its headquarters in Riyadh, ” he hinted.
He said that Saudi Tech House is all over the world and it aims to facilitate business between the two countries and forge partnerships with IT companies, universities, and large enterprises in Pakistan. “The purpose behind establishing the tech house was to create opportunities for the people associated with the IT sector and promote it.” He admitted that Pakistan had enormous talent in IT as well as other sectors.
He said that Saudi-Pakistan relations are strong and establishment of the Saudi Tech House will increase investment.
Nawaf bin Said also announced over 300 projects worth a total of $100 million, creating more than 1,000 jobs in Pakistan, Saudi Arabia, and globally.
These projects are part of Saudi Arabia’s Vision 2030 roadmap, which aims to boost the technology sector and develop smart cities like NEOM, he added.
The envoy held that Saudi leadership is bringing a major revolution in the field of technology and efforts are being made to achieve the goals of Vision 2030.
He said that the private sector can benefit from wide opportunities in IT sector.
Nawaf al -Maliki added that Saudi Arabia is providing all possible facilities to Pakistan.