Saudis Want to Buy a Pakistani Airport

Saudi Arabia's Asyad Group has shown interest in investing more in Pakistan and potentially joining the country's upcoming airport privatization efforts. During a meeting with Pakistan's Finance Minister Muhammad Aurangzeb, Asyad Group CEO Ghassan Ahmed Amodi discussed the company's current investments, future expansion plans, and opportunities in other sectors. Amodi emphasized that Pakistan remains a crucial component of Asyad Group's investment portfolio outside of Saudi Arabia.

The Asyad Group is actively seeking partners with the necessary technical expertise to bid on the airport privatization process. They also aim to collaborate with Saudi and international investors possessing relevant skills for potential projects. In addition to the airport sector, Asyad Group is exploring other investment opportunities in Pakistan, such as the financial industry, and is actively connecting Saudi and Pakistani investors to collaborate on various ventures.

During the meeting, Asyad Group CFO Javaid Akhtar, Wafi Energy Pakistan CEO Zubair Shaikh, and Corporate and Government Relations Director Imran Hussain Qureshi were present. Wafi Energy Pakistan shared updates on its expansion plans, including its retail network, storage facilities, and digitalization initiatives, as well as its investments in Khyber Pakhtunkhwa and other regions of Pakistan.

The finance minister highlighted the potential benefits of Pakistan's strategic location as a gateway to regional markets and assured investors of their continued government support, encouraging credible long-term investments.